PETRONAS hands Dialog new 3D seismic data for Mutiara Cluster off east Sabah
PETRONAS, through Malaysia Petroleum Management, has delivered newly reprocessed 3D seismic data to Dialog Group's upstream arm for the Mutiara Cluster offshore east Sabah. MBSB Research says the data could cut geological uncertainty and speed up the field development plan, with first gas targeted for 2029. The research house kept its BUY call and RM2.57 target price, estimating full production could lift Dialog's revenue by 13% to 15%.