At North Sabah in Malaysia, the company has formed teams to manage emergency response, incident management, and critical business activities.
Offshore staff have been segregated to mitigate against any potential quarantine scenario, with the focus now on priority activities.
At the Anasuria FPSO in the North Sea, Hibiscus has increased non-perishable food stocks offshore to cover the crew’s needs for a month, in case supply becomes restricted.
It has also reduced offshore personnel numbers and will ensure quarantine cabins if needed.
The helicopter operator has initiated mandatory temperature checks at the heliport prior to entering the main building, with modified helicopters being prepared to evacuate potential COVID-19 cases.
Both the North Sabah and Anasuria teams are also under orders to reduce unit production costs (UPCs) for this year through the deferral of non-critical opex activities.
The company is targeting positive operating cash flows, with UPCs of $18.5/boe at Anasuria and $15/bbl at North Sabah.
At Anasuria there are no plans for major capex in 2020, while at North Sabah, the team is optimizing development capex for the 2020 drilling campaign to ensure economic viability of projects even at prevailing low crude prices.
At both facilities, planned offtakes for 4Q 2020 may be deferred to 1Q 2021 in order to achieve a higher crude price.