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
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
