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 marketing agreement to acquire a 50 % interest in block 15/13a in the Marigold field and block 15/13b in the Sunflower field , for $ 500 m . The two blocks are estimated to contain a total of 60.0 million bbls of oil . British Petroleum , 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 . Shell 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 15/13a in the Marigold field and block 15/13b in the Sunflower field, for $37.5m. 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.