PTTEP and PC JDA secure 35-year gas production rights for Block A-18-01

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PTTEP and PC JDA have been awarded rights under a production sharing contract, or PSC, for Block A-18-01 in the Malaysia-Thailand Joint Development Area, or MTJDA, by the Malaysia-Thailand Joint Authority. Prime Minister Anutin Charnvirakul honoured the ceremony with his presence. The event was organised by MTJA at the Gastech Exhibition & Conference 2026 at the BITEC exhibition and convention centre in Bangkok. The rights holders are PTTEP JDX Thailand (JDA) Limited and PTTEP JDX Thailand Company Limited, both subsidiaries of PTTEP, and PC JDA Limited, a subsidiary of PETRONAS Carigali Sdn Bhd. Each party holds a 50 percent participating interest to carry out exploration, development and production of petroleum in Block A-18-01 for a further 35 years. The contract is effective retroactively from 1 January 2026 and replaces the previous contract, covering the original area of Block A-18 as well as new acreage. Natural gas production is expected to run at approximately 300 to 400 million cubic feet per day, delivered in equal shares to Thailand and Malaysia. The gas supplied to Thailand accounts for roughly 4 percent of the country's domestic gas demand and is used as fuel for power generation in southern Thailand. Montri Lawanchaikul, Chief Executive Officer of PTT Exploration and Production Public Company Limited, said the award of rights under the new contract will help maintain continuity of natural gas production for both countries and allows further development of Block A-18-01 alongside Block B-17-01, in which PTTEP and PC JDA are already joint investors, by making use of shared infrastructure and resources. At present, the two blocks together can produce gas at a rate of approximately 700 million cubic feet per day. For the development of Block A-18-01, the joint venture partners plan additional exploration and development activities to sustain the gas production rate. The Malaysia-Thailand Joint Development Area is located in the lower part of the Gulf of Thailand and comprises Block A-18-01 and Block B-17-01, covering a combined area of approximately 7,250 square kilometres. It is an important source of natural gas and condensate for both Thailand and Malaysia.

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PC JDA Limited, a PETRONAS Carigali subsidiary, holds a 50% interest in the awarded Block A-18-01 production sharing contract.

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