PETALING JAYA: Dialog Group Bhd
has made a final investment decision to develop the Fatimah gas field under the Baram junior cluster small field asset production sharing contract (BJC SFA PSC), involving an additional investment of US$211mil (RM859.51mil).
In a filing with Bursa Malaysia, Dialog said the decision followed the commencement of commercial production at the Salbiah gas field on Oct 27, 2026.
Both fields are part of the BJC SFA PSC signed between Petroliam Nasional Bhd or PETRONAS, Dialog Resources Sdn Bhd and Petroleum Sarawak Exploration and Production Sdn Bhd on Jan 17, 2023.
Dialog said development activities at the Salbiah gas field were completed following the approval of the field development and abandonment plan on Jan 8, 2025.
It said the Fatimah gas field would be developed in accordance with the approved development plan following appraisal well results confirming its commercial viability.
Dialog expects to fund the additional development through internally generated funds and/or external borrowings. It added that the proportions of the source of funds will be determined later.
