Malaysia’s Hibiscus Petroleum Bhd.

has been awarded the South East Ras El Ush concession (Block 2) in Egypt by the Ganoub El-Wadi Petroleum Holding Co. (Ganope), reported Amwal al Ghad. According to the company’s spokesperson the newly acquired basin has over 1,900 drilled wells with a total of 123 producing fields and an annual production of about 180 million barrels of oil, adding “The the award was made pursuant to the successful submission of a bid by Gulf Hibiscus, together with its partner, Pacific Oil Ltd, for a joint equal ownership of the concession.” Offshore Energy Today, added that Pacific oil, Hibiscus Petroleum’s partner will act as the operator on the concession.