Hibiscus Petroleum acquires 30% stake in PM327 PSC block in Malaysia
Hibiscus Petroleum Berhad, through its indirect wholly-owned subsidiary Straits Hibiscus Sdn Bhd, has entered into an agreement to acquire a 30% Participating Interest in the Block PM327 Production Sharing Contract from PETRONAS Carigali Sdn Bhd. This strategic farm-in arrangement, which is currently awaiting regulatory approvals, marks a significant step for Hibiscus Petroleum in expanding its […]