HIBISCS

2.800

(%)

OTHERS Anasuria Hibiscus UK Limited and UK North Sea Transition Authority Enter into P2608 Licence Agreement for Blocks 15/18a and 15/19a pursuant to the 33rd United Kingdom Offshore Licensing Round

HIBISCUS PETROLEUM BERHAD

Type Announcement
Subject OTHERS
Description
Anasuria Hibiscus UK Limited and UK North Sea Transition Authority Enter into P2608 Licence Agreement for Blocks 15/18a and 15/19a pursuant to the 33rd United Kingdom Offshore Licensing Round

We refer to our earlier announcement dated 30 October 2023 in relation to the first tranche of the 33rd United Kingdom Offshore Licensing Round (“Licensing Round”).

 

Pursuant to the above, Hibiscus Petroleum wishes to announce that the UK North Sea Transition Authority (“NSTA”) on 23 February 2024 advised that the P2608 Licence Agreement (“Agreement”) for block 15/18a and block 15/19a has been fully executed. The effective date of the Agreement is 21 February 2024.

 

Block 15/18a and block 15/19a are part of the Quad 15 area which contains the Crown discovery. The Crown discovery, which is located 12 kilometres from the Marigold and Sunflower oil fields, is a potential tieback candidate to the Marigold and Sunflower development. Anasuria Hibiscus UK Limited, an indirect wholly-owned subsidiary of Hibiscus Petroleum, plans to continue to work together with its partners and the NSTA to maximise the recovery of these resources in the Quad 15 area.

 

This announcement is dated 26 February 2024.






Announcement Info

Company Name HIBISCUS PETROLEUM BERHAD
Stock Name HIBISCS
Date Announced 26 Feb 2024
Category General Announcement for PLC
Reference Number GA1-07022024-00092