KUALA LUMPUR: Dialog Group Bhd has made a "final investment decision" to develop the Fatimah Gas Field, its second field development under the Baram Junior Cluster Small Field Asset Production Sharing Contract (BJC SFA PSC), with an additional investment of US$211 million.
The oil and natural gas company also announced that the group achieved its first commercial production from the Salbiah Gas Field on Oct 27.
It said both fields are part of the BJC SFA PSC signed between Petroliam Nasional Bhd (Petronas), Dialog Resources Sdn Bhd and Petroleum Sarawak Exploration and Production Sdn Bhd on Jan 17, 2023.
"Following the approval of the Field Development and Abandonment Plan (FDAP) on Jan 8, 2026, development activities for the Salbiah Gas Field were successfully completed. Building on this achievement, and appraisal well results confirming the commercial viability, the Fatimah Gas Field will now be developed in accordance with the approved development plan and the terms of the BJC SFA PSC," it said in a stock exchange filing.
