where Petronas subsidiary Progress Energy’s assets are concentrated. There are legally binding conditions attached to each certificate, ensuring that these projects are constructed and operated ...

They lie in 50 m of water and are currently operated 100% by Petronas Carigali. Roc has farmed in for a 50% interest. The three fields are the subject of a significant brownfield redevelopment.

Roc Oil has taken the first small step in its strategy to enter the Malaysian oil sector, winning a small contract from state oil company Petronas to develop some fields off the coast of Sarawak.

Dialog owns 32 percent of the joint venture, ROC 48 percent and the remaining 20 percent by Petronas Carigali. The pre-development phase will commence in 2H2011, and will take 18 months to complete.