Approval of the Teal West Development

20th August 2023

Following an incredibly successful first year as the Duty Holder of the Anasuria FPSO, we are pleased to share the positive news of the approval for the Teal West development.

Earlier this month, Anasuria Hibiscus UK Limited, a subsidiary of Hibiscus Petroleum Berhad, and one of our parent companies, secured Field Development Plan (FDP) approval from the UK North Sea Transition Authority (NSTA). This follows the unconditional consent granted for the Environmental Statement in July, awarded by the Offshore Petroleum Regulator for Environment and Decommissioning (OPRED).

The Teal West field will be developed through a subsea tie back to the Anasuria FPSO, with first oil production scheduled for late Autumn 2024. The project completion plan encompasses a single well development, subsea and riser tie-ins, and minor topside modifications.

This is great news for both Hibiscus Petroleum Berhad and Anasuria Operating Company and serves as a key step towards extending the production lifespan of the Anasuria FPSO. We extend our sincere thanks to everyone who has played a role in making this achievement possible and as we continue our journey, our focus remains on safety, excellence, and developing Anasuria FPSO.