PETALING JAYA: Hibiscus Petroleum Bhd has begun drilling at the Teal West field in the United Kingdom’s North Sea.
In a statement yesterday, Hibiscus announced that the shelf drilling fortress jack-up rig has been positioned at the site and spudded a new well at the Teal West field on Sept 14.
This is located four km from the Anasuria floating production, storage and offloading (FPSO) facility.
Once completed, the new well will be tied back to the Anasuria FPSO.
Subsea installation activities are scheduled to take place in the early second quarter of financial year 2026, with first oil expected by mid-2026.
Hibiscus said fluids from the Teal West well will be processed and exported from the Anasuria FPSO.
Anasuria Hibiscus UK Ltd (Ahuk), Hibiscus Petroleum’s wholly-owned subsidiary, operates the Anasuria FPSO through its Anasuria Operating Company joint venture with Ping Petroleum UK PLC, a subsidiary of Dagang NeXchange Bhd.
Ahuk recognises that the UK oil and gas sector is under significant pressure, with activity levels at historic lows, and that Teal West is one of only three development wells being drilled across the entire UK Continental Shelf in 2025.
According to Ahuk general manager Tom Reeve, they will be continuing to invest in the UK North Sea.
“We are focused on delivering a safe and top quartile performance for the drilling operation currently being undertaken.”