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Dialog Secures Development Approval From Petronas For Raja Cluster Small Field Asset
KUALA LUMPUR, Sept 21 (Bernama) — Dialog Group Bhd today has reached a final investment decision (FID) amounting to US$81 million and secured approval for the field development and abandonment plan (FDAP) for the RAJA Cluster Small Field Asset from Petroliam Nasional Bhd (Petronas). The decision was in pursuant to the signing of RAJA Cluster Small Field Asset Production sharing contract between Petronas, via Malaysia Petroleum Management (MPM), and Dialog Resources Sdn Bhd on Dec 5, 2024. In a filing with Bursa Malaysia, Dialog said the 14-year contract comes with a two-year pre-development phase (including feasibility studies) that allows Dialog […]