text: [{"text_idx": "#000003", "text": "Hibiscus, DNeX unit take up equal stakes in UK oil field"}, {"text_idx": "#000006", "text": "Hibiscus said in its filing with Bursa Malaysia today the licence holds an undeveloped oil field, Fyne Field, located in the Central North Sea, UK, with an estimated 75 million barrels of oil equivalent (MMboe) of stock tank oil initially in place."}, {"text_idx": "#000007", "text": "The field has a water depth of about 90m and is approximately 16km from Hibiscus\u2019 Anasuria floating production storage and offloading (FPSO) vessel."}, {"text_idx": "#000008", "text": "Under the terms of the agreement, its indirect wholly-owned Anasuria Hibiscus and Ping Petroleum (an indirect subsidiary of Dagang NeXchange Bhd or DNeX) shall separately acquire the equal equity interest in the licence, with the balance 15% remaining with Rapid Oil."}, {"text_idx": "#000009", "text": "\u201cThe plan is to initially tie-back a single well development to the FPSO vessel. Upon completion of the proposed acquisition, Anasuria Hibiscus shall be appointed as operator of the field development,\u201d Hibiscus said in its filing.."}, {"text_idx": "#000011", "text": "The addition of the Fyne Field is expected to increase the value and extend the field life of the existing Anasuria cluster of assets, it added."}, {"text_idx": "#000012", "text": "The Anasuria cluster comprises a portfolio of producing, appraisal and exploration licences in the UK North Sea, 175km east of Aberdeen."}, {"text_idx": "#000014", "text": "These fields are serviced by the Anasuria FPSO host platform, located at a water depth of 94m. Both parties also have an equal stake of 50% in the ownership of the Anasuria FPSO"}, {"text_idx": "#000015", "text": "In a separate statement, Ping Petroleum managing director Zainal Abidin Jalil said the acquisition of the Fyne Field asset is a significant contribution to the company\u2019s portfolio."}, {"text_idx": "#000016", "text": "He highlighted how Fyne\u2019s integration into their existing infrastructure at Anasuria extends the field life, improves the value of its ongoing integrity and asset life-extension work."}, {"text_idx": "#000017", "text": "\u201cWe also look forward to expanding our long-term partnership with Hibiscus Petroleum, as well as working with our new joint venture partner Rapid Oil,\u201d Zainal added."}, {"text_idx": "#000019", "text": "At closing today, Hibiscus Petroleum was up 6.5 sen or 6.81% to RM1.02 with a market capitalisation of RM2.04 billion."}, {"text_idx": "#000020", "text": "DNeX also closed higher by 1.5 sen or 3.33% at 46 sen with a market capitalisation of RM1.47 billion."}, {"text_idx": "#000022", "text": "2023 Toyota Yaris updated in Malaysia \u2013 9-inch head unit, wireless charger; up to RM4.7k more, RM88-92k"}, {"text_idx": "#000025", "text": "Puspakom keluarkan jadual unit pemeriksaan bergerak Sept 2023 \u2013 termasuk luar kawasan di Sabah/Sarawak"}, {"text_idx": "#000026", "text": "Petronas ups govt dividend to RM40bil despite lower oil prices"}, {"text_idx": "#000027", "text": "Proton S50 spied again testing on Malaysian roads \u2013 SS11 B-segment sedan test unit with added bodykit"}, {"text_idx": "#000028", "text": "3,300 unit kuarters polis P Pinang dibaiki segera"}]