HIBISCUS OIL AND GAS MALAYSIA LIMIT

Company Introduction

HIBISCUS OIL AND GAS MALAYSIA LIMITED is an independent oil and gas exploration and production company based in Malaysia. It operates as a subsidiary of Hibiscus Petroleum Berhad, a publicly listed company on Bursa Malaysia. The company's primary business activities involve the development, operation, and management of oil and gas fields, focusing on the extraction, processing, and production of crude oil and natural gas. It is responsible for managing complex offshore and onshore facilities, including platforms, pipelines, and processing units, to efficiently bring hydrocarbons to market. An example of its operations includes the management of assets under the North Sabah Production Sharing Contract, which involves optimizing reservoir performance, conducting drilling campaigns, and maintaining production infrastructure in Malaysian waters.

Nature of Business

It is an industrial producer and operator. It is not a traditional manufacturing factory that produces finished consumer goods, nor is it solely a trading company that deals in buying and selling without production. Its core business involves the industrial process of extracting and producing raw materials (crude oil and natural gas) from subsurface reservoirs, which aligns it with the category of a producer or an industrial operator in the upstream and midstream oil and gas sector.

HIBISCUS OIL AND GAS MALAYSIA LIMITED (now known as HIBISCUS PETROLEUM BERHAD) primarily produces and sells crude oil and natural gas.