Dialog secures US$81mil Raja cluster nod from Petronas
KUALA LUMPUR: Dialog Group Bhd has secured final investment decision (FID) approval from Petroliam Nasional Bhd (Petronas) for an US$81 million cluster development and abandonment plan.
Dialog Group Bhd has secured final investment decision (FID) approval from Petronas for a US$81 million cluster development and abandonment plan at the Raja cluster small field asset. The production sharing contract (PSC) was signed between Petronas and Dialog Resources Sdn Bhd on December 5, 2024, and covers a 14-year tenure, including a two-year pre-development phase, a two-year development phase, and a 10-year production phase.
The development will utilize Dialog's Tarpon platform system, designed for marginal field developments in water depths of less than 100 metres. The Raja PSC is expected to strengthen Dialog's operational expertise and create synergies by leveraging its integrated technical services team.
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