Hibiscus Petroleum Berhad
Wai Peng Lai currently serves as the Vice President of Business Transformation at Hibiscus Petroleum Berhad since March 2023 and is an Affiliate at the Institute of Corporate Directors Malaysia since June 2021. Additionally, Wai Peng Lai holds the position of Limited Partner at MoreThan Capital Advisors since September 2022. Previously, a robust career included roles such as Chief Commercial Officer and Head of the North Sea Business Unit at Ping Petroleum Limited, with tenure from August 2012 to October 2021, and multiple positions at Accenture, culminating in Senior Manager from June 2007 to June 2012. Early career experiences also include roles at Woodside Energy and Shell. Education credentials include participation in the Advanced Management Program at Harvard Business School from January 2022 to May 2022.
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Hibiscus Petroleum Berhad
Hibiscus Petroleum Berhad (Hibiscus Petroleum) is Malaysia’s first listed independent oil and gas exploration and production company. Our key activities are focused on monetising producing oilfields and growing our portfolio of development and producing assets in areas of our geographical focus: the United Kingdom, Malaysia and Australia. As an operator of offshore oil and gas producing fields, our efforts are focused on enhancing operational efficiencies to safely deliver high-margin production from our assets. Our growth strategy in the current oil and gas market is to leverage on opportunities that are present within our portfolio of existing assets and make quality acquisitions on a selective basis, thus delivering sustainable returns to our shareholders. We are committed towards upholding high standards of safety and environmental management. We also prioritise corporate governance, whilst expanding our business on strong technical and commercial foundations. Hibiscus Petroleum is headquartered in Kuala Lumpur, and our securities are listed on the Main Market of Bursa Malaysia Securities Berhad. Hibiscus Petroleum is a constituent on the FTSE4Good Bursa Malaysia Index as well as the FTSE4Good Bursa Malaysia Shariah Index. Hibiscus Petroleum securities have been classified as being Shariah-compliant by the Shariah Advisory Council of the Securities Commission of Malaysia.