Dialog Group Bhd has finalised and signed the Cendramas production sharing contract (PSC) with Petroliam Nasional Bhd (PETRONAS) and its partners, marking a further expansion of the group’s upstream oil and gas portfolio.
In a filing with Bursa Malaysia, Dialog said its wholly owned subsidiary Dialog Resources Sdn Bhd will hold a 25% non-operating interest in the PSC. The stake will be held alongside EnQuest Petroleum Production Malaysia Ltd, which will also own 25%, while Medco Asia Pacific Ltd will serve as the operator with a 50% participating interest.
The Cendramas PSC, located offshore Peninsular Malaysia, includes a series of minimum work commitments aimed at optimising the field’s potential. These include the drilling of appraisal and infill wells, development of discovered resources, and asset life extension initiatives to maximise production and operational efficiency over the contract period.
The PSC is scheduled to take effect on 23 September 2026 and will run for 20 years, providing the partners with a long-term framework for exploration, development and production activities.
Dialog said its participation in the Cendramas PSC aligns with its strategy to strengthen and grow its upstream segment, while leveraging collaboration with experienced regional operators. The move is also expected to enhance the group’s exposure to production assets and support its long-term earnings visibility.
