Malaysian oil and gas company Hibiscus Petroleum, through its indirect wholly-owned subsidiary Anasuria Hibiscus UK, has secured consent for the Environmental Statement for the Teal West Development offshore UK.

The consent has been granted by the Offshore Petroleum Regulator for Environment and Decommissioning (OPRED), on behalf of the UK Secretary of State for the Department for Energy Security and Net Zero.

In a press statement, Hibiscus said: “It is expected that the decision on the Field Development Plan (FDP) will be received in due course following the grant of consent for the Environmental Statement.”

Located in Block 21/24d in the central North Sea, the proposed Teal West project is planned to be developed in three phases.

It involves the drilling of up to two production subsea wells to extract oil and gas, and one water injection well.

The wells are planned to be tied back to the existing Anasuria floating production storage and offloading (FPSO) vessel, which currently supports oil production, storage and gas export from the Guillemot A, Teal, and Teal South and Cook fields.

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By GlobalData

The FPSO is located about 4km south-east of the proposed Teal West drill centre.

Hibiscus plans to start production from the field in the second quarter of 2024.

The field is expected to have peak production rate of 5.9 thousand barrels per day of oil, and 9.8 million cubic feet per day of gas.