PETRONAS Carigali secures 35-year PSC for MTJDA Block A-18-01

Approvals and agreements

On 14 September 2026 PC JDA (a PETRONAS Carigali subsidiary), together with PTTEP JDX, received approvals from the governments of Malaysia and Thailand for the new PSC for Block A‑18‑01 in the Malaysia‑Thailand Joint Development Area. The parties also signed a Gas Sales Agreement with PETRONAS and PTT to support continued natural gas supply to both countries. The exchange ceremony on 14 September 2026 concluded coordination among the Malaysia‑Thailand Joint Authority, PC JDA and PTTEP JDX to establish the new contractual framework linking continued development beyond the current PSC expiry of 20 April 2029.

PSC term and scope

The new PSC has a 35‑year term commencing 1 January 2026 and combines the existing Block A‑18 area with an adjacent exploration area to form Block A‑18‑01, intended to provide an integrated platform to sustain production, unlock further resource potential and optimise long‑term development.

Production and fields

The MTJDA covers approximately 7,250 square kilometres and comprises Blocks A‑18‑01 and B‑17‑01, which together have an estimated natural gas production capacity of about 700 million standard cubic feet per day, equally distributed to Malaysia and Thailand. Block A‑18‑01 includes the Cakerawala, Bumi, Suriya, Bulan, South Bulan, Senja, East Bumi, Samudra and Wira fields; Block B‑17‑01 includes Muda, Tapi, Tanjung, Amarit, Jengka, Melati and Andalas.

Strategic implications

PETRONAS Carigali said the new PSC reinforces its commitment to invest in strategic assets and pursue sustainable growth for regional energy security, aiming to maximise value through enhanced resource monetisation and operational synergies.