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MALAYSIA PRESS-Dialog Group tipped for 1 bln rgt job-The Edge
February 21, 2013 / 1:25 AM / 4 years ago

MALAYSIA PRESS-Dialog Group tipped for 1 bln rgt job-The Edge

Malaysia's second biggest oil and gas (O&G) services provider Dialog Group Bhd is tipped to bag a one billion ringgit ($322.95 million) drilling contract.

It is believed the contract will be awarded by Petronas Carigali Sdn Bhd for the Bayan marginal oilfield located offshore Sarawak.

Dialog in November last year signed a 50:50 joint venture with Halliburton International Inc to provide services for Petronas Carigali to enhance recoverable oil reserves from the Bayan field.

Dialog's unit, Dialog D&P Sdn Bhd, and Halliburton's Asia Energy Services Sdn Bhd hold equal interest in the joint-venture company, Halliburton Bayan Petroleum Sdn Bhd, under a 24-year agreement.-The Edge

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