15 July 2021 3:18 GMT
Updated
15 July 2021 3:18 GMT
Malaysia's Hibiscus Petroleum said the two co-venturers in the two significant production sharing contracts to be acquired from Repsol have waived their pre-emption rights.
The US$212.5 million cash Repsol transaction, assuming it is completed later this year, will double Hibiscus’ oil and condensate production to 18,500 barrels per day, and provide its first gas output of 49 million cubic feet per day of gas.
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