KUALA LUMPUR: Petronas Carigali Sdn Bhd’s (Petronas Carigali) wholly owned subsidiary, PC JDA Ltd (PC JDA), together with PTTEP JDX Thailand Ltd Co and PTTEP JDX Thailand (JDA) Ltd (collectively, PTTEP JDX), has received approvals from the Malaysian and Thai governments for the new production sharing contract (PSC) for Block A-18-01 in the Malaysia-Thailand Joint Development Area (MTJDA).
In a statement today, national oil and gas company Petroliam Nasional Bhd (Petronas) said the parties also signed a Gas Sales Agreement (GSA) with Petronas and PTT Public Company Ltd, supporting the continued supply of natural gas from the block to both countries.
The agreement, signed on Sept 14, 2026, marked the culmination of extensive collaboration among the Malaysia-Thailand Joint Authority (MTJA), PC JDA and PTTEP JDX to establish a new contractual framework linking the continued development of the existing Block A-18, which is beyond the expiry of the current PSC on April 20, 2029, while incorporating an adjacent exploration area with an additional resource potential under the new PSC.
With a 35-year term commencing from Jan 1, 2026, the new PSC for Block A-18-01 encompasses both the existing Block A-18 area and the additional new area, providing an integrated platform to sustain production, unlock further resource potential and optimise the block’s long-term development.
PC JDA director Ainoor Abizzurin Abdullah said the approval of the new PSC ushers in the next phase of development for Block A-18-01, reflecting the enduring resolve and strong collaboration between Malaysia and Thailand.
"As a key source of natural gas and condensate for both countries, this milestone reinforces our shared commitment to maximise value through enhanced resource monetisation and operational synergies,” he said.
Spanning 7,250 square kilometres, the MTJDA comprises Blocks A-18-01 and B-17-01, with a combined natural gas production capacity of approximately 700 million standard cubic feet per day, equally distributed between Malaysia and Thailand. - Bernama
