Hibiscus Petroleum Berhad

This month, we achieved a significant milestone in safety for our LP Compression Project in Brunei Darussalam, as we celebrated 500,000 manhours without a Lost Time Incident (LTI) at the Onshore Processing Plant (OPP) in Lumut. In conjunction, a Safety Moment was held to highlight the dangers of complacency during work activities, followed by a presentation on key achievements and safety practices that contributed to this milestone. Safety recognition awards was also delivered to honour those who have shown outstanding commitment to maintaining and ensuring a safe working environment. During the event, our Country Head for Brunei, Mohammed Farroukh delivered a congratulatory safety message, underscoring the importance of vigilance and aligning with Hibiscus Petroleum Berhad’s safety ethos of “I care for your safety.” This milestone reflects our dedication to upholding the highest safety standards and fostering a culture of safety among its workforce and contractors. #HibiscusBrunei #Brunei #OilandGas #ICareForYourSafety

At Hibiscus Petroleum, we are committed to fostering a culture of learning and professional development across the group. In line with this, a "Lounge and Learn" session was held in the Brunei office which featured "The Oil and Gas Industry Landscape in Brunei: Petroleum Authority's Views on Hibiscus Petroleum Entering Brunei Darussalam, and the Role of Our People in Driving Success and Overcoming Industry Challenges." This topic underscored the importance of understanding the evolving dynamics of Brunei’s oil and gas industry, a sector pivotal to the region’s economy.  Guest speaker for the session was Managing Director of the Petroleum Authority of Brunei Darussalam, YM Tuan Shamir Salahudin who provided valuable insights into the challenges and opportunities within the sector, particularly in the context of our entry into Brunei. He also highlighted the crucial role of local talent and industry professionals in driving success, cultivating innovation, and ensuring resilience in a competitive and rapidly evolving industry.  The event served not only as a platform for gaining knowledge but also as an avenue for meaningful and engaging discussions on how we can contribute to the sustainable growth and development of Brunei’s oil and gas sector.  #HibiscusBrunei #Brunei #OilandGas #PeopleFocused #SustainableGrowth #LoungeandLearn #LearningandDevelopment #CompanyCulture

Hibiscus Petroleum Berhad, through our wholly owned subsidiary, Hibiscus EP (Brunei) B.V. (Hibiscus Brunei), hosted its inaugural Golden Gala Dinner at Empire Brunei following the Group’s successful acquisition of the Malaharaja Lela Jamalulalam assets, effective 14 October 2024. The event served as an introduction to Hibiscus Brunei and marked our expansion into Brunei Darussalam, a significant milestone for the Group. Present as the Guest of Honour was Brunei’s Minister at Prime Minister’s Office and Minister of Defence II, YB Pehin Datu Lailaraja Major General (r) Dato Paduka Seri Awang Haji Halbi bin Haji Mohd Yussof. Our Chairman, Zainul Rahim gave an opening address that highlighting the significance of the acquisition, its benefits and its alignment with Brunei's Wawasan 2035. He also emphasized the company's dedication to maintaining high standards of Health, Safety, and Environmental (HSE) practices, noting Hibiscus Brunei’s 25 years achievement without a Lost Time Injury (LTI). Additionally, the event honoured 11 employees with Long Service Awards. Setting the stage for future collaboration and success, the event brought together over 250 key stakeholders including representatives from the government, business partners, employees, and contractors. A heartfelt thank you to all our guests for your unwavering support and contributions to Hibiscus Petroleum's journey in Brunei Darussalam. #HibiscusBrunei #Brunei #OilandGas #PeopleFocused #SustainableGrowth

In October 2024, three members of our Senior Leadership team, our Managing Director, Kenneth Pereira , our VP of Corporate Governance and Sustainability Reporting, Syarifah Aliza Syed Azauddin, and our VP of Corporate Development, Lily Ling, travelled offshore to visit one of the platforms operated by us under the PM3 Commercial Arrangement Area (CAA) PSC. They were taken on a tour of the operations, engaged with the offshore personnel and enjoyed the offshore hospitality. Through these visits, we reinforce our commitment to safety, productivity, and operational excellence, while also taking the opportunity to personally thank those working diligently on the platforms in ensuring our facilities run safely and smoothly. Their outstanding efforts have been instrumental in reaching key milestones such as first oil from Bunga Orkid C-29 (BOC-29), the longest well drilled in Malaysia, the successful explorations of Bunga Aster and Bunga Lavatera, as well as the implementation of enhanced safety standards, which have earned recognition from PETRONAS, among many other achievements. We look forward to carrying on our unified efforts to achieve even greater success in the future. #Offshore #OilandGas #PeopleFocused #ICareForYourSafety

The concept of Energy Trilemma is complex beyond the intricate balancing act of 3 core elements: energy security, affordability and sustainability. We invite you to delve deeper into the topic that quite possibly, underpins how our world works.  Our Managing Director, @Kenneth Pereira points out prominent examples from historical events with strong linkages between energy access, military considerations and regional security in his recent article published by @Petroleum Economist. He wrote, “It is only a simple interpretation that projects the energy trilemma as being about energy security, affordability and sustainability”.  #EnergyTrilemma #OilandGas #PetroleumEconomist

We are progressing smoothly with the SF30 Waterflood Phase 2 project. In addition to the drilling of a total of 11 wells at the SF30 field (our first well achieved first oil on 31 October 2024), the SF30 Waterflood Phase 2 project also involves the complex conversion of a Mobile Offshore Drilling Unit (MODU) into a Mobile Water Injection Facility (WIF). Once completed, the WIF will be deployed at the SF30 field offshore Sabah. Our Managing Director, Kenneth Pereira, and Country Head for Malaysia and Vietnam, Pascal Hos, recently visited the facility in Pasir Gudang where the conversion is currently taking place. The SF30 Waterflood Phase 2 project represents a key initiative under Hibiscus Petroleum’s commitment to driving sustainable energy production and innovation #HibiscusPetroleum #WaterInjectionFacility #EnhancedOilRecovery #InnovationInEnergy #SF30

It is the eve of COP29. There have been concerns expressed about the location of the 2024 edition and some of the leading personalities organizing this event. In the attached article, I examine some of the issues and conclude that there maybe more potential of positives than negatives about Azerbaijan being the host. Hopefully, in the coming days, the focus will be on the positives. My thoughts are split into 2 parts: + "The dilemma about the Trilemma" argues the case that every region of the planet has its own Energy Trilemma. No common Trilemma means a slow or no Energy Transition. + "Investing in coal-fired power plants is smarter than you think" presents a counter-intuitive case for coal. I believe that this could be a scenario that will allow Asia to achieve formidable economic growth rates and enjoy affordable energy independence in the future without sacrificing long term Sustainability priorities. My thoughts are about simpler, inclusive, affordable and actionable Energy Transition pathways for emerging economies. Hope you enjoy the read. #COP29 #KishoreMahbubani #energytrilemma @Kishore Mahbubani

South Angsi Alpha ‘Rig to Reef’ Initiative Hibiscus Petroleum, in line with our Sustainability Policy, recognises the critical role of preserving biodiversity and protecting ecosystems to maintain ecological balance in its areas of operations. Thus, we collaborated with the Department of Fisheries Malaysia (DoF) and Petroliam Nasional Berhad (PETRONAS) to launch the South Angsi Alpha (SAA) ‘Rig to Reef’ initiative – converting our decommissioned SAA facilities into an artificial reef at Pulau Tenggol in Dungun, Terengganu. Through this initiative, we aim to leave a positive impact on the environment that will enhance the area’s marine biodiversity and its conservation efforts, whilst promote sustainable fishing and ecotourism. #RigtoReef #OilandGas #Sustainability

Wishing Happy Diwali to all those celebrating the festival of lights! May your day be illuminated with the glow of joy, blessings and warmth of your loved ones. #HappyDiwali #FestivalofLights #FestiveGreetings

A Sunday well spent at icapital.biz Berhad's 2024 Investor Day on 27 October 2024. That morning, our Managing Director, Kenneth Pereira gave a presentation on ‘Delivering Volumes, Enhancing Value’ to over 1,500 investors. His presentation gave a detailed look into our company’s financial and operational performance, together with the Group’s future outlook. This was followed by a short and engaging Q&A session. You may click this link on our website to view the presentation: https://lnkd.in/gZbPj4FM Our sincere thanks to Tan Teng Boo and Capital Dynamics group for organising the event and inviting Hibiscus Petroleum. We look forward to participating again next year and meeting more investors! #CapitalDynamics #icapital #Investing #DeliveringVolumes #EnhancingValue