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Hibiscus completes acquisition of Repsol s assets in Malaysia, Vietnam

Hibiscus Buys Malaysia, Vietnam Assets From Repsol

Malaysia/Vietnam: Hibiscus Petroleum completes transformative acquisition of oil and gas assets from Repsol

Hibiscus Petroleum has successfully completed the acquisition of the entire equity interest in Fortuna International Petroleum Corporation. The high-quality asset portfolio comprises interests and operatorship in five production sharing contracts in Malaysia and Vietnam.

Hibiscus Petroleum acquires Repsol s upstream assets for $212m

Malaysia s Hibiscus Petroleum buys Repsol assets, enters Vietnam market

Message : Required fields KUALA LUMPUR (Reuters) - Malaysian oil and gas exploration and production company Hibiscus Petroleum Bhd has acquired Spanish energy major Repsol Exploración, S.A. s upstream assets in Malaysia and Vietnam for a cash consideration of $212.5 million, it said in a stock exchange filing on Friday. The acquisition comprises five production-sharing contracts, one of which is in Vietnam, a new market for Hibiscus. It already has producing assets in the UK and Malaysia, and assets in Australia at a development stage, according to its website. Hibiscus unit Peninsula Hibiscus Sdn Bhd entered a conditional sale and purchase agreement on Tuesday for the entire equity interest in Fortuna International Petroleum Corporation.

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