Petronas negotiations realign acreage in Malaysia-Thailand Joint Development Area

November 10, 2022

Dateline 2022-08-25, Upstream Online:

Malaysia’s national upstream company Petronas Carigali has wrapped up negotiations with Malaysia-Thailand Joint Authority (MTJA)that see acreages rejigged and the company commit to delivering increased volumes of gas to both Asean neighbours.

Petronas and the MTJA have reached an agreement and have received the relevant approvals from the Malaysian and Thai governments to annex the Block B-17 and Block C-19 production sharing contracts and Block B-17-02 (Open Area) into the Block B-17-01 PSC.

Block B-17-01 PSC comes with a 10-year production period extension until 2039, under the terms of the annexation agreement.