Dialog projects IRR of up to 20% from Bayan oilfield project

KUALA LUMPUR: Oil and gas services provider Dialog Group Bhd projects an internal rate of return (IRR) for the Bayan oilfield project located offshore Bintulu to be around the mid-teens to 20% of the costs of US$1.2bil.

Dialog's executive chairman Ngau Boon Keat said on Thursday the IRR would depend largely on how much of the oil can be recovered with the available technology.