DIALOG has been an active development and production operator in Malaysia since 2011, primarily focused on re-developing and revitalizing marginal and mature oil fields. Our portfolios comprise of a cluster of mature oil and gas fields located in offshore Sarawak. Our current ventures include Bayan and D35/J4/D21.
Bayan field in located in Sub-block 4Q-21 of the Balingian Province, 80km North West of Bintulu Sarawak.
In November 2012, Dialog D & P Sdn Bhd (DDP), DIALOG's wholly owned subsidiary, subscribed for 50% equity in Halliburton Bayan Petroleum Sdn Bhd (HBP) from Asia Energy Services Sdn Bhd (Halliburton International Inc's wholly owned subsidiary). HBP entered into an Oilfield Service Contract with PETRONAS Carigali Sdn Bhd to enhance the recoverable reserves thorugh Production enhancement activities, Oil Development and prospect apparaisal across the Bayan field.
Production enhancement activities has been ongoing since 2015 and further studies are being conducted to develop the field.
In 2014, DIALOG entered into a Production Sharing Contract (PSC) in Malaysia through its subsidiary Dialog Resources Sdn Bhd (DRSB). DRSB obtained 20% of the participating interest in the PSC when ROC Oil (a FOSUN Company) farmed out 20% of its interest to DRSB. D35/J4/D21 PSC is located on the continental shelf offshore Sarawak, 135km North West of Bintulu.
Further development is being planned for 2017 and beyond.