Hibiscus Petroleum Sets Record with Longest Well Drilled Offshore Malaysia

Wednesday, May 24, 2023

Malaysia's Hibiscus Petroleum said Wednesday its subsidiary Hibiscus Oil & Gas Malaysia Limited, had completed the longest well drilled in Malaysia at the Bunga Orkid field in the northern area of the PM3 CAA PSC.

The PM3 CAA PSC is a commercial arrangement area between Malaysia and Vietnam.

According to Hibiscus Petroleum, the well was drilled to a total depth of approximately 7 kilometers and produced at an initial rate of approximately 4,000 bbls of oil per day. 

For prudent reservoir management, the gross production rate from the well is currently being maintained at about 3,000 bbls of oil per day, Hibiscus said.

The news was shared as part of Hibiscus Petroleum's quarterly results presentation.

Hibiscus Managing director Kenneth Pereira also said that Hibiscus made a gs discovery in the PM3 CAA area: “Our operational and technical capabilities have been showcased by the drilling and completion of the longest well in Malaysia, the BOC-29ST1, with a total measured depth of approximately 7km. 

"In doing so, we have achieved a major technical milestone and positive performance outcome for our Company and the wider Malaysian oil & gas industry. 

"We were also successful in discovering gas during the drilling of the Bunga Lavatera-1 well in the PM3 CAA and unlocking approximately 1.6 MMboe in incremental net 2P gas reserves. Our success in identifying and converting this prospect to a commercially viable opportunity gives us confidence that we have a good understanding of the PM3 CAA geology."


Categories: Drilling Industry News Activity Asia Discoveries

Related Stories

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

Borr Drilling Bags Three New Assignments for its Jack-Up Drilling Rigs

Op-Ed: Kazakhstan’s National O&G Firm Positioning Itself as Global Energy Player

CNOOC Sees 11% Profit Growth in 2024 Driven by Record Oil Production

Jadestone Submits Field Development Plan for Assets Off Vietnam

ORE Catapult and Japan’s FLOWRA to Jointly Advance Floating Wind

MODEC and Samsung Team Up to Install Carbon Capture Tech on FPSO

Eco Wave Finds Partner for Wave Energy Project in India

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

China’s CNOOC Brings Bohai Sea Oil Field On Stream

Current News

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

Mitigate SCC & HE to Keep Offshore Metal Structures Ship Shape

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com