Malaysia: Hibiscus Petroleum to buy 50 per cent in Shell's four Sabah oil fields for $25m

Malaysia: Hibiscus Petroleum to buy 50 per cent in Shell's four Sabah oil fields for $25m

Oil and gas offshore Myanmar, visual via MBT

Malaysian oil and gas firm Hibiscus Petroleum Bhd’s subsidiary SEA Hibiscus Sdn Bhd has announced the acquisition of 50 per cent stake in Dutch oil and gas giant Shell’s four oil fields offshore Sabah for $25 million.

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