Borneo Bulletin

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Hibiscus Petroleum's acquisition in Brunei is a thrilling move in the energy sector, showcasing their ambition to expand in the ASEAN region! With a 37.5% stake in a gas field, they’re not just playing with numbers but also stepping up their game in the push for cleaner energy. Plus, they've added a talented team to their roster—talk about a power play!

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Borneo Bulletin Article

Published on 14th October 2024

Hibiscus Petroleum Berhad has successfully acquired a 37.5% stake in the Block B Maharajalela Jamalulalam gas field in Brunei Darussalam. The acquisition, made through its subsidiary Simpor Hibiscus Sdn Bhd, positions Hibiscus as a key player in the ASEAN energy sector. The company now operates the asset alongside join...

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