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Dialog Group Bhd Signs 14-Year Production Sharing Contract (PSC) with Petroliam Nasional Bhd (Petronas) for RAJA Cluster Small Field Asset (RAJA SFA)
Contract Type
contract
Description
Dialog Group Bhd has signed a 14-year Production Sharing Contract (PSC) with Petroliam Nasional Bhd (Petronas) for the RAJA Cluster Small Field Asset (RAJA SFA). The contract aims to strengthen Dialog's upstream capabilities and expand its oil and gas (O&G) portfolio. The RAJA Cluster, located off the East Coast of Peninsular Malaysia, includes the Rhu, Ara, and Janglau O&G fields and has recoverable reserves estimated at 290 million barrels of oil equivalent, with the RAJA SFA potentially holding 1%-5% of this volume. The contract encompasses a two-year pre-development phase aimed at finalising the field development plan, followed by a two-year development phase with commercial production expected by its conclusion.
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Dialog Group Bhd signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.
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