Hibiscus Petroleum is currently exploring options for the development of its Marigold and Sunflower fields located in the UK North Sea. The company has been working with a number of partners to explore opportunities within the UK, including BP, Shell, Total and Statoil. The two blocks are estimated to contain a total of 60.0 million bbls of oil. Development options which are currently being considered include a fixed platform, a floating solution, as well as a tieback to existing, nearby infrastructure solutions, Hibiscus Petroleum said in an update on Monday. Anasuria Hibiscus, block operator for both fields, has established a dedicated project team located in Kuala Lumpur to study the area and establish a field development plan by the end of 2020. Petrofac has been engaged to provide the team with support.
Hibiscus Petroleum is currently exploring options for the development of its Marigold and Sunflower fields located in the UK North Sea. The company has been working with a number of partners to explore opportunities within the UK, including BP, Shell, Total and Statoil. The two blocks are estimated to contain a total of 60.0 million bbls of oil. Anasuria Hibiscus, block operator for both fields, has established a dedicated project team located in Kuala Lumpur to study the area and establish a field development plan by the end of 2020. Petrofac has been engaged to provide the team with support.