Hibiscus blossoms in Southeast Asia
The Malaysian independent sees the region as an increasingly important part of the world’s energy system, says managing director Kenneth Pereira
Kuala Lumpur-headquartered independent Hibiscus Petroleum has swung back in recent years to its Southeast Asian roots, after entry into the UK’s North Sea in the mid-2010s. And while the firm’s home market has seen its greatest growth, it has moved beyond Malaysia to assets in Vietnam and Australia too. Petroleum Economist spoke to Hibiscus managing director Kenneth Pereira about the company's most recent expansions and its plans for future growth. What attracted Hibiscus to expand so rapidly in Southeast Asia? Were you attracted by the assets, the region or both? Pereira: Our business in Southeast Asia really took off in 2018, when we secured the North Sabah Fields in Malaysia from Shell. W

Also in this section
11 March 2025
Investor certainty key to diversifying country’s oil and gas exports amid fresh talk of improving infrastructure to boost energy security
10 March 2025
Oil sands will be complemented by conventional and shale output growth and supply opportunities improved by the Trans Mountain Pipeline, but the tariff threat remains
10 March 2025
Political backbiting and slumping drilling activity point to further declines ahead of next year’s election
8 March 2025
Honouring the trailblazing women shaping the future of hydrogen