Dialog taking stake in Bintulu offshore services contract

 

Kuala Lumpur: Dialog Group Bhd will take a 50% equity interest in Halliburton Bayan Petroleum Sdn Bhd (HBP) to jointly manage an oilfield services contract offshore Bintulu in Sarawak. Dialog will be working with Petronas Carigali on the project which is worth $1.2bn over the next 24 years. 

The company said the move was “in line with Dialog's strategy to continue to develop its upstream capabilities in the oil and gas activities which include the rejuvenation and re-development of mature oil fields and the development of marginal fields that will create a robust platform for generating long term sustainable revenue from incremental oil and gas production."  [20/11/12]

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