March 29, 2016
Ah, now I know one reason Dialog Offshore Engineering shut down.
Dateline 2016-02-04, The Star:
Petroliam Nasional Bhd (Petronas), Dialog Group Bhd and Australia-based petroleum company Roc Oil Co Ltd have aborted a proposed project estimated to cost more than RM3bil to develop and produce petroleum off Bintulu, Sarawak.
In a filing with Bursa Malaysia, Dialog said the small field risk service contract to develop the Balai cluster fields was terminated due to the difficult business environment and persistently depressed oil price.
The oil and gas-based technical services provider said BC Petroleum Sdn Bhd — which is 32% owned by its unit Dialog D&P Sdn Bhd, 48% by Roc Oil Malaysia (Holdings) Sdn Bhd and 20% by Petronas Carigali Sdn Bhd — had ceased operation and had on Wednesday signed a termination by mutual agreement with Petronas.
October 25, 2014
Dialog, again. Dateline 2014-08-12, Business Spectator:
A previously silent player in the Roc Oil takeover saga has emerged as a little known Malaysian company, which may have helped to broker the successful $474 million offer from Chinese conglomerate Fosun.
Dialog Group, a Malaysian company providing technology services to the oil and gas industry, has emerged as a key player in the dialogue between Fosun and Roc Oil, reporting by Data Room has discovered.
It is believed that Dialog secretly accumulated a 4.3 per cent holding in Roc Oil via ANZ earlier this year. An ANZ subsidiary is listed as the second-biggest holder in Roc Oil, after fund manager Allan Gray, according to Bloomberg data.
September 24, 2014
Dateline 2014-07-09, Business Spectator:
Malaysia’s CLIQ Energy may end the mystery around Australia’s mid-cap oil and gas group Roc Oil, which surprised the market in June by revealing an unidentified third-party suitor during its controversial merger process with peer Horizon Oil.
“CLIQ Energy is interested in Roc Oil as long as they meet our requirements and at the same time we are also pursuing other assets either as our QA (qualified acquisition) or post QA to create a balance portfolio,” CLIQ told Data Room in an email late on Wednesday.
May 15, 2014
Dateline 2014-04-01, Rigzone:
Roc Oil Company Limited, announced Tuesday the farm in to a Production Sharing Contract (PSC) which includes three fields D35, D21 and J4 (Fields), located offshore Malaysia in water depths of approximately 164 feet (50 meters). The Fields are currently 100 percent owned and operated by Petronas Carigali and ROC has farmed into a 50 percent participating interest. The Fields are in production with a combined daily oil rate of approximately 10,000 barrels of oil per day (bopd) and gas sales of approximately 17 million standard cubic feet per day (MMscf/d) gross working interest. ROC’s economic interest (50 percent) of the 2P reserves from the Fields is 8.7 million barrels of oil equivalent (MMboe).
January 4, 2014
Dateline 2013-11-11, Rigzone:
Petroliam Nasional Berhad (Petronas) announced Sunday that oil production from the Balai field in the Balai Cluster Risk Service Contract (RSC) area offshore Sarawak, Malaysia has commenced Nov. 6.
The field’s first oil was achieved utilizing an early production vessel (EPV) as a part of the RSC area’s extended well testing (EWT) program.
The Balai Cluster RSC was awarded in August 2011 to BC Petroleum Sdn Bhd, a partnership between Roc Oil (Malaysia) Pty Ltd, Dialog D & P Sdn Bhd and Petronas Carigali Sdn Bhd. It is the second RSC that has successfully achieved oil production after the Berantai gas field.
April 20, 2013
From the Energy Business Review, dateline 2013-04-02:
Australia-based independent petroleum company ROC Oil announced that the drilling of West Acis-2 well has begun in the Balai Cluster Risk Service Contract (RSC), Malaysia.
The Balai Cluster RSC includes four fields, Balai, Bentara, West Acis and Spaoh.
West Acis-2 located in the West Acis field, offshore East Malaysia, is the fourth well being drilled in the pre-development phase drilling program in the Balai Cluster.
It will be drilled to a planned target total depth of about 2,440m subsea.
March 30, 2013
Dateline 2013-03-22, by Proactive Investors:
Roc Oil’s (ASX: ROC) third well at the Balai Cluster Risk Service Contract offshore Malaysia has confirmed the eastern extent of hydrocarbons in the Spaoh field.
Spaoh-2 intersected 30 metres of net hydrocarbon pay across six sandstone reservoir intervals.
It has been cased and completed in preparation for extended well testing with the Early Production Vessel Balai Mutiara.
Roc is now preparing to move the rig 5 kilometres northwest of Spaoh to drill the West Acis-2 well.