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METRO MANILA--October 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Hibiscus Petroleum Berhad (Malaysia) has assumed operatorship of Block B offshore Brunei following its acquisition of a 37.5% stake from TotalEnergies EP (Brunei) B.V., part of TotalEnergies SE (NYSE:TTE) (Courbevoie, France). This significant change in ownership marks a new chapter for the offshore block, located 85 kilometers off the coast of Brunei and home to the Maharaja Lela/Jamalulam (MLJ) field, which produces around 9,000 barrels of oil equivalent per day.
Hibiscus Petroleum Berhad is launching a major drilling campaign slated for 2025 to 2026 aimed at increasing production and optimizing field performance.
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