PETALING JAYA: Dialog Group Bhd
has finalised and signed the Cendramas production sharing contract (PSC) with Petroliam Nasional Bhd (PETRONAS) and its partners.
In a filing with Bursa Malaysia, Dialog said its wholly-owned unit Dialog Resources Sdn Bhd will hold a 25% non-operating stake in the PSC, alongside EnQuest Petroleum Production Malaysia Ltd, while Medco Asia Pacific Ltd will act as operator with a 50% interest.
The Cendramas PSC, located off the coast of Peninsular Malaysia, comes with several minimum work commitments, including appraisal and infill wells drilling, development of discovered resources and asset life extension work.
The PSC becomes effective on Sept 23, 2026 for a period of 20 years.
Dialog’s participation as a partner in the PSC is an extension of its upstream business.
