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    Hibiscus takes on Repsol’s interests offshore Malaysia

    June 2, 2021
    Repsol has agreed to sell its E&P interests in Malaysia and in block 46 CN in Vietnam to a subsidiary of Hibiscus Petroleum.
    (Courtesy Repsol)
    Repsol Malaysia

    Offshore staff

    MADRID, Spain – Repsol has agreed to sell its E&P interests in Malaysia and in block 46 CN in Vietnam to a subsidiary of Hibiscus Petroleum.

    The transaction includes a 35% interest in the PM3 CAA PSC, 60% in the 2012 Kinabalu Oil PSC, 60% in the PM305 PSC, 60% in the PM314 PSC, and 70% in block 46 CN in Vietnam (a tieback to the PM3 CAA production facilities).

    Collectively these assets account for around 2% of Repsol’s present global net production.

    06/02/2021