Earlier this week, one of our shareholders, Hibiscus Petroleum Berhad, announced that Teal West achieved first oil on 4th July 2026 – a fantastic milestone for everyone involved.

Developed as a subsea tieback to the Anasuria FPSO, Teal West will provide additional production to the asset for years to come. More importantly, it demonstrates what can be achieved when great people come together with a shared goal.

Over the past week, leaders from Hibiscus Petroleum, Anasuria Hibiscus UK Ltd. and Anasuria Operating Company had the opportunity to visit the Anasuria FPSO, meeting the teams who have worked tirelessly to safely bring this project to life. It was a chance to recognise the incredible commitment, collaboration and determination shown by everyone involved.

From our offshore crews and onshore teams to our contractors, suppliers and project partners, this achievement wouldn’t have been possible without all of you.

Our CEO, Richard Beattie, said:

“Teal West first oil is a tremendous accomplishment and a testament to the capability, determination and teamwork across our business. There have been long days, difficult decisions and countless challenges to overcome, but our team never lost sight of the objective.

I want to personally thank everyone who played a part in making this happen. From projects, construction, commissioning and operations through to logistics, HSE, technical safety, commercial and support functions, every team has contributed to this success.

I would also like to thank our shareholders for their continued trust and support. Their confidence in our people, our asset and our strategy has helped make investments such as Teal West possible.

This is an important milestone for the future of the Anasuria asset, and I genuinely couldn’t be prouder of what we have achieved together.”

At a time when the future of our industry can often feel uncertain, milestones like this are a reminder of what is still possible. By investing in existing infrastructure, developing UK resources responsibly and continuing to work safely together, we can help secure the future of assets like Anasuria while playing an important role in the UK’s energy mix for years to come.

Congratulations, and thank you, to everyone who helped make Teal West first oil a reality. This is your achievement.