**Historic Achievement in Offshore Production: First Oil from South Furious Waterflood Project**
In a significant milestone for the offshore oil and gas industry, Hibiscus Malaysia has successfully delivered the first oil from its South Furious 30 (SF30) Phase 2 waterflood development project in the North Sabah production sharing contract, offshore Malaysia. This achievement marks a crucial step in boosting production and reserves recovery for the field.
### Key Highlights
– **Location**: The project is situated in the North Sabah production sharing contract, approximately 33 kilometers from Kota Kinabalu. This strategic location ensures optimal operation within the region[3].
– **Project Structure**: The SF30 Phase 2 waterflood development is a comprehensive initiative involving the drilling of six water injectors and five oil infill wells. These wells are being drilled from a newly installed wellhead platform, which is bridge-linked to an existing jacket[1].
– **Production Goals**: The primary objective of this project is to increase production and enhance reserves recovery through pressure support from water injection. This methodology aims to effectively sweep existing and new oil producers, thereby optimizing field performance[1].
– **Implementation Timeline**: Drilling for the project could commence as early as September 2023, with the addition of a new water injection facility expected in August 2024[1].
– **Recent Progress**: With the successful delivery of first oil, Hibiscus Malaysia has demonstrated its capability to execute complex offshore projects efficiently. This accomplishment is a testament to the company’s commitment to enhancing oil production in the region[2][4].
The South Furious 30 Phase 2 waterflood project is a vital component of Hibiscus’s expansion strategy, facilitating the efficient utilization of available resources to maximize hydrocarbon recovery. This strategic initiative underscores not only the company’s technical prowess but also its dedication to sustainable offshore operations.
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