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According to the source, Hibiscus Petroleum, leading E&P Company of Malaysia is focusing on increasing the output two folds by 2021. The company has plans to take the output to 20,000 bpd in UK and Malaysia. But the MD of the company informed that Hibiscus needs $50 million by 2020 to boost the present 10,000 bpd. The E&P Company holds two major producing assets in UK and Malaysia.
