Hibiscus Petroleum Berhad (5199.KL)

2.6000 -0.0200 (-0.76%) At close: 04:50PM MYT

Hibiscus Petroleum Berhad

Syed Kechik Foundation Building
2nd Floor Jalan Kapas Bangsar
Kuala Lumpur 59100
Malaysia
60 3 2092 1300
https://www.hibiscuspetroleum.com

Sector(s): Energy
Industry: Oil & Gas E&P
Full-time employees: 

Key executives

Name	Title	Pay	Exercised	Year born
Dr. Kenneth Gerard Pereira	MD & Director	8.37M	N/A	1958
Mr. Chee Yeong Yip	Chief Financial Officer	N/A	N/A	1974
Mr. Mohammed Farroukh Abdul Aziz	Chief Operating Officer	N/A	N/A	N/A
Ms. Joyce Theresa Sunita Vasudevan	Head of Corporate Finance	N/A	N/A	1970
Mr. Kock Hooi Lim	Group General Counsel	N/A	N/A	1957
Ms. Leong Shuang Ling	Vice President of Corporate Development	N/A	N/A	1984
Ms. Noor Ashiah Yang	Vice President of Group Human Capital	N/A	N/A	1967
Dr. Pascal Josephus Petronella Hos	Chief Executive Officer of Peninsula Hibiscus	N/A	N/A	1971
Ms. Ai Ning Tan	Joint Company Secretary	N/A	N/A	N/A
Madam Yit Chan Tai	Joint Company Secretary	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in MYR.

Description

Hibiscus Petroleum Berhad, an investment holding company, explores for, develops, and produces oil and gas. The company operates through Malaysia – North Sabah; Malaysia – Kinabalu and Others; Commercial Arrangement Area; United Kingdom; Australia; Vietnam; and Investment Holding and Group Activities segments. It holds 50% interests in the North Sabah production sharing contract producing fields located in Offshore Sabah, Malaysia. The company also holds 60% interests in the Kinabalu field located in coast of Sabah, Malaysia; the PM305 and PM314 fields located to the eastern coast of Peninsular Malaysia in the Malay Basin. In addition, it holds 35% interest in the PM3 CAA field and manages the operations relating to the production of petroleum from various oil fields, such as Bunga Orkid, Bunga Pakma, Bunga Raya, Bunga Seroja, Bunga Kekwa, Bunga Tulip, and Bunga Lavatera. Further, the company holds interests in the Anasuria Cluster producing oil and gas fields, Marigold and Sunflower fields, license no. P2532 and P2535, and license no. P2518 located offshore in the United Kingdom Continental Shelf; operates VIC/RL17 production license; and VIC/P57 and VIC/P74 exploration permit. Additionally, it holds 70% interest in the Block 46, a tie back asset that contains the producing Cai Nuoc field and the undeveloped Hoa Mai field located in Vietnamese waters. The company also invests in, owns, and operates oil and gas concessions; and provides project management, technical, and other services relating to the oil and gas exploration and production industry. Hibiscus Petroleum Berhad was incorporated in 2007 and is headquartered in Kuala Lumpur, Malaysia.

Corporate governance

Hibiscus Petroleum Berhad’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.