Hibiscus Petroleum expects first oil from the Licence P2451 oil field in the Central North Sea, UK, in 2026.
The field has a water depth of about 90m and is approximately 16km from Hibiscus’ Anasuria floating production storage and offloading vessel. It expects first oil in 2026, whereupon Anasuria Operating Company Ltd will take over as operator of the Fyne production from Anasuria Hibiscus. The cluster comprises Teal, Teal South, Guillemot A where Hibiscus and Ping Petroleum UK hold 50% interest in each field through Anasuria Operating Company Ltd, and Cook field where the parties have a 19.3% interest.
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