Kinabalu is a producing conventional oil field located in shallow water in Malaysia and is operated by Hibiscus Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Kinabalu Oil PSC, with water depth of 1,969 feet. Buy the profile here.
Field participation details
The field is owned by Hibiscus Petroleum and Petroliam Nasional.
Production from Kinabalu
The Kinabalu conventional oil field recovered 87.37% of its total recoverable reserves, with peak production in 1998. The peak production was approximately 33.40 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2036. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 19.42 Mmboe, comprised of 12.94 Mmbbl of crude oil & condensate and 38.87 bcf of natural gas reserves.
About Hibiscus Petroleum
Hibiscus Petroleum Bhd (Hibiscus Petroleum) is an exploration and development of oil and gas. The company provides activities such as investment holding and the provision of project management; and technical and other services relating to the oil and gas exploration and production industry. The Company's primary segments include Investment holding and group activities, which includes investment in companies owning/operating oil and gas concessions. It operates its business through Lime, 3D Oil, VIC and L31, VIC and P57, Anasuria, and HIREX, among others. Hibiscus Petroleum also has oil exploration operations in Norway and the Middle East. The company operates in the UK, Australia, and Malaysia. Hibiscus Petroleum is headquartered in Kuala Lumpur, Malaysia.
For more details on the Kinabalu Conventional Oil Field, buy the profile here.