BANGKOK: PC JDA Ltd, a wholly-owned subsidiary of PETRONAS Carigali Sdn Bhd, together with PTTEP JDX Thailand Ltd Co and PTTEP JDX Thailand (JDA) Ltd (collectively, PTTEP JDX), has received approvals from the governments of Malaysia and Thailand for the new production sharing contract (PSC) for Block A-18-01 in the Malaysia-Thailand Joint Development Area (MTJDA).
The parties also signed a gas sales agreement with Petroliam Nasional Bhd (PETRONAS) and PTT Pcl, supporting the continued supply of natural gas from the block to both countries.
The exchange ceremony of the signed agreements yesterday marks the culmination of extensive collaboration among the Malaysia-Thailand Joint Authority, PC JDA and PTTEP JDX to establish a new contractual framework.
This framework links the continued development of the existing Block A-18 (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 contract.
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,” Ainoor added.
Spanning approximately 7,250 sq km, the MTJDA comprises Blocks A-18-01 and B-17-01, which have a combined natural gas production capacity of approximately 700 million standard cu ft per day with equal distribution to Malaysia and Thailand.
Block A-18-01 comprises the Cakerawala, Bumi, Suriya, Bulan, South Bulan, Senja, East Bumi, Samudra and Wira gas fields, including the open area.
Meanwhile, Block B-17-01 comprises the Muda, Tapi, Tanjung, Amarit, Jengka, Melati and Andalas gas fields.
The new PSC reinforces PETRONAS Carigali’s commitment to investing in strategic assets and pursuing sustainable growth for regional energy security. — Bernama
