CHPL joins 3D Oil in offshore Victoria exploration concession
Oct. 8, 2020
Carnarvon Hibiscus Pty Ltd. has completed a farm-in to 50% of the VIC/P74 permit offshore southeast Australia from 3D Oil.
(Courtesy Hibiscus Petroleum)
Offshore staff
KUALA LUMPUR, Malaysia – Carnarvon Hibiscus Pty Ltd. (CHPL) has completed a farm-in to 50% of the VIC/P74 permit offshore southeast Australia from 3D Oil.
CHPL, an indirect but wholly‐owned subsidiary of Hibiscus Petroleum, has also entered a joint operating agreement with 3D Oil after receiving approval from the Australian National Offshore Petroleum Titles Administrator.
The permit, covering an area of 1,006 sq km (388 sq mi), is adjacent to the Kingfish oilfield which to date has produced more than 1 Bbbl of oil.