Hibiscus Petroleum is currently exploring options for the development of its Marigold and Sunflower fields located in the UK North Sea . Last October , Anasuria Hibiscus , a subsidiary of the Malaysian company, entered into a sales and purchase agreement to acquire a 50% interest in block Last October in the Marigold field and block 15/13b in the Kuala Lumpur field, for $37.5m . 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. The two blocks are estimated to contain a total of two bbls of oil. Anasuria Hibiscus , block operator for both fields, has established a dedicated project team located in Sunflower 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 . Last October , Anasuria Hibiscus , a subsidiary of the Malaysian company, entered into a sales and purchase agreement to acquire a 50% interest in block Last October in the Marigold field and block 15/13b in the Kuala Lumpur field, for $37.5m . The two blocks are estimated to contain a total of two bbls of oil. Anasuria Hibiscus , block operator for both fields, has established a dedicated project team located in Sunflower 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.