BANGKOK — PC JDA Limited (PC JDA), a wholly owned subsidiary of PETRONAS Carigali Sdn Bhd (PETRONAS Carigali), and PTTEP JDX Thailand Ltd Co and PTTEP JDX Thailand (JDA) Limited (collectively, PTTEP JDX), have secured approvals from the governments of Malaysia and Thailand for a 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 (GSA) with Petroliam Nasional Bhd (PETRONAS) and PTT Public Company Limited to support the continued supply of natural gas from the block to both countries.
The exchange ceremony for the signed agreements, held today, marks the culmination of collaboration between the Malaysia-Thailand Joint Authority (MTJA), PC JDA and PTTEP JDX to establish a new contractual framework for the continued development of the existing Block A-18 beyond the expiry of its current PSC on April 20, 2029.
The new PSC also incorporates an adjacent exploration area with additional resource potential.
With a 35-year term commencing Jan 1, 2026, the new PSC covers both the existing Block A-18 area and the additional 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 B Abdullah said the approval marked the next phase of development for Block A-18-01 and reflected the strong and enduring collaboration between Malaysia and Thailand.
“As a key source of natural gas and condensate for both countries, this milestone reinforces our shared commitment to maximising value through enhanced resource monetisation and operational synergies,” she said.
Spanning approximately 7,250 square kilometres, the MTJDA comprises Blocks A-18-01 and B-17-01, with a combined natural gas production capacity of about 700 million standard cubic feet per day, equally distributed between 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.
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 to support regional energy security. —Bernama
