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
UMW Holdings looking to buy to oil & gas assets-The Star
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NOTE: Reuters has not verified these stories and does not vouch for their accuracy.