Hibiscus managing director Kenneth Pereira
Hibiscus blossoms in Southeast Asia
The Malaysian independent sees the region as an increasingly important part of the world’s energy system, says managing director Kenneth Pereira
Kuala Lumpur-headquartered independent Hibiscus Petroleum has swung back in recent years to its Southeast Asian roots, after entry into the UK’s North Sea in the mid-2010s. And while the firm’s home market has seen its greatest growth, it has moved beyond Malaysia to assets in Vietnam and Australia too. Petroleum Economist spoke to Hibiscus managing director Kenneth Pereira about the company's most recent expansions and its plans for future growth. What attracted Hibiscus to expand so rapidly in Southeast Asia? Were you attracted by the assets, the region or both? Pereira: Our business in Southeast Asia really took off in 2018, when we secured the North Sabah Fields in Malaysia from Shell. W
Also in this section
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition
