Dialog approves US$211 million additional investment in Fatimah gas field
Fatimah will be the group's second field development under the Baram Junior Cluster production sharing contract.
Dialog Group Bhd said it had reached a final investment decision for the Fatimah Gas Field, involving US$211 million in additional investment. In a stock exchange filing, the company said appraisal drilling results had established that the field was commercially viable.
The company said Fatimah would be developed under its approved plan and the conditions of the Baram Junior Cluster Small Field Asset Production Sharing Contract (BJC SFA PSC).
Separately, Dialog reported the start of commercial production at the Salbiah Gas Field on Oct 27. It said development work at Salbiah had been completed following approval on Jan 8, 2026, of the Field Development and Abandonment Plan.
Fatimah and Salbiah are covered by the BJC SFA PSC. The agreement was signed on Jan 17, 2023, by Petroliam Nasional Bhd (Petronas), Dialog Resources Sdn Bhd and Petroleum Sarawak Exploration and Production Sdn Bhd.
Dialog said its involvement in the contract lasts up to 14 years and fits its strategy of broadening its upstream, midstream and downstream energy operations. The group said its diversification strategy aims to generate long-term recurring income and help it withstand varying economic conditions and oil prices.
