Hibiscus Petroleum has outlined how its commitment to excellence in well management and services and other offshore operations have been recognised by Malaysian authorities.
In an October investor presentation, the company outlines various awards by state operator Petronas in 2025, in areas such as production enhancement and idle well reactivation at South Furious in North Sabah.
It is also recognised for its well management in lost time and injury, optimising and sustaining output, as well as proactively converting high pressure gas to a low pressure system for production optimisation.
The company also works with leading offshore contractors and service providers, including EEST, which completed a contract in 2023 for well intervention services on its Malaysian assets.
This project entailed the provision of well workover, re-completion and well plug and abandonment services using the EEST-502 hybrid hydraulic workover unit.
In the presentation, Hibiscus said that “invaluable goodwill with regulators” had created access to further opportunities.
As well as maximising potential from existing assets offshore Malaysia — and in other territories across Asia, including Brunei and Vietnam — Hibiscus is also stepping up its commitment towards net zero 2050 and various transition initiatives.
This includes leveraging on core competencies to operate and maintain decentralised power generation with strategic collaborations in this niche set to be announced in due course. the company noted.
The group already generates 126 megawatts (MW) of power offshore across its assets and the intention is to transfer this know-how to address electricity generation, specifically to support data centres or the semi-conductor industry in Malaysia, it added.
The company also intends to invest in solar projects for internal use to reduce operating expenditure on oil and gas assets, with a potential new 12 MW solar farm in Brunei for a low-pressure compressor project.
