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Northbridge Industrial Services Plc

First oil flows from St Joseph infill campaign offshore Sabah

 Hibiscus Petroleum has drilled and completed SJ‐105A, the first of three wells for the St Joseph infill drilling project in the North Sabah enhanced oil recovery PSC offshore Malaysia.

The SJ‐105A wellbore was drilled as a horizontal well comprising around 2,400 ft (731 m) of horizontal section which encountered 1,000 ft (305 m) of oil in the targeted reservoirs.

Production has since stabilized at just above 1,000 b/d of oil.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.