Nature of Business

Hibiscus Petroleum Berhad is a Malaysia-based independent oil and gas exploration and production company.

• • Its key activity is growing its portfolio of exploration, development and production assets in areas of its geographical focus: Malaysia, Vietnam, Brunei, countries in Asia Pacific, the United Kingdom and Australia.
  • Its Malaysia-North Sabah area includes investment in its 50% participating interest in the North Sabah, located off the coast of Sabah, Malaysia.
  • Its Malaysia-Kinabalu and Others area includes investments and operations in the Kinabalu and the PM305 and PM314.
  • Its Commercial Arrangement Area (CAA) consists of investment in its 35% participating interest in the PM3 CAA, located within the CAA between Malaysia and Vietnam.
  • Its United Kingdom area consists of investments and operations, consisting of the Anasuria Area, and the Marigold Area.
  • It also operates and owns 37.5% interest in a gas producing asset, Block B Maharajalela Jamalulalam field, in Brunei Darussalam.