Hibiscus Petroleum Berhad

We sponsored this year’s prizes for "Pertandingan Robot Tempur" (Battle Robots Competition), an innovative robot competition that combines technology, teamwork, and education! 🤖✨ Organised by the National Science Centre of Malaysia, an agency under the Ministry of Science, Technology and Innovation (MOSTI), the competition hopes to inspire the next generation of problem-solvers by providing them with a platform to showcase their robotic creations, each with its own unique feature. This year’s competition was held from 16 – 19 September 2024 at the National Science Centre in Kuala Lumpur and had a turn-out of over 28,000 people. Through collaboration and creativity, participants were engaged in a friendly 4-day competition of showcasing their robots through 1 on 1 battles inside 20 feet by 20 feet combat cage. Now in its 7th year, the competition aims to foster a spirit of innovation and learning, whilst bringing together participants from different backgrounds and varying ages that comprises university students, engineers and fans of robotics. At Hibiscus Petroleum, we believe in giving back to the community and investing in future talents. Supporting initiatives like this aligns with our commitment to promote science, technology, engineering and maths (STEM) education as well as empower young minds. Special thanks to our Vice President, Strategic Ventures, Chong Chee Seong in representing the Group to hand out the prizes, including ‘Hibiscus Best Engineering’ and ‘Hibiscus Best Design’, to the winners together with the Deputy Minister of MOSTI, YB Dato' Haji Mohammad Yusof Bin Apdal. Please watch this short clip of the closing ceremony to see the incredible robots being brought to life by the talented participants: https://lnkd.in/g8HVrT58 #HibiscusCares #STEM #Robotics #FutureLeaders #MOSTI

Hibiscus Petroleum sponsored the 2024 edition of “Kembara Sains Borneo” in Sabah, an annual Science, Technology, Engineering and Mathematics (STEM) programme organised by the National Science Centre of Malaysia aimed at educating the youth and local community. Over the span of a month, the programme is expected to benefit 15,000 participants across 9 locations consisting of Kinabatangan, Sandakan, Telupid, Ranau, Kota Belud, Tuaran, Kinarut, Papar and Kota Kinabalu. Bringing along with it a many interactive activities including a mobile science exhibition in a bus, STEM workshops, entertaining shows and much more. Hibiscus Petroleum's personnel also conducted talks on ‘An Introduction to Energy’. The programme was officially launched on 22 July 2024 at Lahad Datu by The Deputy Minister of Science, Technology, and Innovation (MOSTI), YB Dato Mohammad Yusop Apdal, with our Chairman, Zainul Rahim in attendance. The Deputy Minister, together with the Chief Minister of Sabah, and our Country Head of Malaysia & Vietnam, Dr Pascal Hos also did a walkabout of the programme in Tuaran district. Other partners of the programme include Planetarium Negara, Universiti Malaysia Sabah, the Academy of Sciences Malaysia and Young Scientists Network. To watch Berita RTM's coverage of this initiative, please click this link: https://lnkd.in/gk6YME_3 #KembaraSainsBorneo #CSR #STEM #OilandGas

On 12 September 2024, Hibiscus proudly hosted its 2nd Investor Day at the Renaissance Hotel and Convention Centre, Kuala Lumpur. During this event, we showcased our business strategy focused on actionable energy transition plans, monetising near-term projects, and sustaining long-term growth for 2026 and beyond. We also outlined our approach to maintaining financial resilience and enhancing shareholder returns. Our overarching theme for the day, "Delivering Volumes, Enhancing Value," encapsulates our commitment to driving growth and creating value for our stakeholders. Thank you to all who attended and contributed to a successful Hibiscus24 Investor Day! Please click on the links below to view our corporate videos that was presented at the event: 🌺Hibiscus Today: https://lnkd.in/gGQrMjKp 🌺Hibiscus - Future Ready: https://lnkd.in/gdKyYEv8 You may download our Investor Day presentation slides from our website here: https://lnkd.in/gXM_YqKw

Hibiscus completes our Brunei asset acquisition and new country entry Today, we successfully acquired the entire equity interest in TotalEnergies EP (Brunei) B.V., which holds its 37.5% operated interest in Block B Maharajalela Jamalulalam (MLJ) field. Based on calendar year 2024 figures, the MLJ field will boost our 2P Reserves and net production by approximately 36%. This marks the expansion of the Group's geographic footprint into Brunei and solidifies our position as an independent Exploration and Production (E&P) player in the ASEAN region. It also provides a better balance to our asset portfolio as the world transitions to a lower carbon energy mix with higher global demand for natural gas. We warmly welcome the highly qualified team in Brunei who will now be part of Team Hibiscus. #Brunei #Acquisition #SustainableGrowth

We are pleased to announce that we have received the Community Impact in Cancer Care award from the National Cancer Society Malaysia (NCSM) at their National Cancer Congress Malaysia (NCCM) 2024, held at Sunway University between 21-23 June 2024. The Malaysian Minister of Health, Datuk Seri Dr. Dzulkefly bin Ahmad officiated the opening ceremony and presented the award on behalf of NCSM. NCCM 2024 is a landmark event that brings together all aspects of cancer care, including prevention, screening, diagnosis, treatment, survivorship, advocacy, and policy. This recognition highlights our ongoing support for NCSM and our dedication to improving cancer care and community well-being, especially in the areas we operate. #CommunityImpact #HibiscusCares #NationalCancerSocietyMalaysia #NCCM2024

Hibiscus participated in the 11th Sabah Oil, Gas and Energy Conference and Exhibition (SOGCE) on June 27-28, 2024, in Kota Kinabalu, Sabah Malaysia. SOGCE serves to promote the state’s oil, gas, and energy industry, bringing together professionals, technologists, industry experts, and policymakers. This platform facilitates networking and discussions, fostering growth and exploration of opportunities within the Sabah region. Our Managing Director, Dr Kenneth Pereira, was a guest speaker on Day 2, taking part in the “In Conversation with Iconoclasts: Energy Transition - Deceptions, Delusions, Realities: Where Are Our Sweet Spots?” session. He presented a balanced view of the energy transition, acknowledging significant challenges while highlighting strategic opportunities for Hibiscus and the broader Malaysian energy sector. He highlighted the financial and operational challenges of shifting to renewable energy, while noting current infrastructure and technology limitations on the speed and scale of renewable adoption. #SOGCE2024 #EnergyTransition #RenewableEnergy #IndustryLeadership

Thank you BFM 89.9 - The Business Station for having us on The Breakfast Grille earlier this morning! This interview delved deep into the current topics of the oil and gas industry, our business and finer details of our recently announced proposed acquisition of TotalEnergies Brunei. Our Managing Director, Kenneth Pereira shared his optimistic outlook of the industry and Hibiscus to Shou Ning Wong, host of the programme. Some snippets: • 𝐓𝐡𝐞 𝐁𝐫𝐮𝐧𝐞𝐢 𝐝𝐞𝐚𝐥: Excited by it - the deal involves a gas producing asset and significant increases our production and 2P reserves. The purchase price (effectively $/2P of USD 7.4) is fair. There are potential upside opportunities that we will look to unlock which capitalises on our track record of managing mature assets and enhancing production. • 𝐔𝐬𝐞 𝐨𝐟 𝐝𝐞𝐛𝐭: We continue to be able to access debt but will use it conservatively such that we remain within our target gearing ratios. • 𝐎𝐢𝐥 𝐩𝐫𝐢𝐜𝐞 𝐯𝐨𝐥𝐚𝐭𝐢𝐥𝐢𝐭𝐲: We are a nimble, agile operator which means we can continue to proactively manage costs and maintain positive cash flows positive. • 𝐓𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞: Oil and gas will continue to be key in the energy mix for a long time to come and this fact has been recognised by our Government and others. • 𝐎𝐮𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐩𝐫𝐨𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧: Hibiscus is significantly undervalued when compared with exploration & production peers overseas In case you missed it, you can listen to the podcast titled, "𝐇𝐈𝐁𝐈𝐒𝐂𝐔𝐒, 𝐁𝐔𝐃𝐃𝐈𝐍𝐆 𝐈𝐍𝐓𝐎 𝐀 𝐄&𝐏 𝐏𝐎𝐖𝐄𝐑𝐇𝐎𝐔𝐒𝐄" here: https://lnkd.in/gMxJF-BC #BFMRadio #TheBreakfastGrille #Valuation

Our Managing Director Kenneth Pereira's latest column in @green magazine was recently published. In their May – June 2024 issue, his article on “Competitive Forces of Climate Change” describes Energy Transition as a rainbow and highlights the Hunga Tonga-Hunga Ha’apai volcano’s impact on Earth’s greenhouse effect. A thought-provoking read filled with truths and hard questions on the constraints towards achieving timely Net Zero targets.   Read the full article below.  #NetZero #EnergyTransition #ESG

We were invited to the Asia Pacific Energy Capital Assembly 2024, hosted by The Energy Council on June 4-5 in Singapore. Our Managing Director, Kenneth Pereira, participated as a panellist on Day 1, discussing “How Can Independent Oil And Gas Companies Remain Competitive In The Current Landscape Of Transition: Examining Ways To Establish And Maintain A Forward-Looking E&P Company”. The session highlighted the pivotal roles independent oil and gas companies play in the energy transition and their unique contributions to the net-zero roadmap. It also explored the agility independents need to adopt and apply in their operations to keep within the APAC energy market. Other key themes included funding growth in the hydrocarbon sector, examining alternative credit funds and traders in the absence of private equity and project financing, and insights on marginal abatement cost curves for independent oil and gas companies. #EnergySector #EnergyTransition #APAC24 #EnergyCouncil

Double Gold Glory! Hibiscus Petroleum were honoured to be recognised at the recent Malaysia Upstream Awards 2024, capturing two Gold Awards in the Wells Excellence and Project Delivery Excellence categories. These accolades are a proud testament to our team's unwavering dedication to sustainable growth and innovation in the Malaysian oil & gas space. Their relentless pursuit of excellence is the true driving force behind this remarkable achievement. #EnergySector #OilandGas #MalaysiaUpstreamAwards