The Edge – Dialog makes foray into O&G devt under Petronas contract


Dateline 2011-08-16:

DIALOG GROUP BHD has made its foray into the development and production of marginal hydrocarbon reserves in Malaysia after its joint venture (JV) secured a contract from Petroliam Nasional Bhd.

Petronas had on Tuesday, Aug 16 awarded a risk service contract (RSC) for the development and production of O&G from the Balai cluster fields off Sarawak to a partnership of Roc Oil Malaysia (Holdings) Sdn Bhd and Dialog D&P Sdn Bhd in a JV with Petronas Carigali Sdn Bhd.

The Balai Cluster RSC is the second contract to be awarded under Petronas’ new petroleum arrangement.

Dialog D&P was identified by Roc Oil as their qualified local technical partner to undertake the project. Roc Oil will have a 48% interest, Dialog D&P 32% and Petronas Carigali 20% in the partnership.

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