Malaysia's Hibiscus Petroleum buys Repsol assets, enters Vietnam market

Malaysia's Hibiscus Petroleum buys Repsol assets, enters Vietnam market

Oil platform at sea

Malaysian oil and gas exploration and production company Hibiscus Petroleum Bhd has acquired Spanish energy major Repsol Exploración, S.A.’s upstream assets in Malaysia and Vietnam for a cash consideration of $212.5 million, it said in a stock exchange filing on Friday.