The Thai sector of the Malay Basin is a mature, gas-prone, shallow-water play located off the east coast of southern Thailand. Recent exploration has targeted small, near-field opportunities (<5 mmboe) around the basin's two major discoveries - Bongkot (1973) and Arthit (1999). The 21st Licensing Round (which included two Malay Basin blocks in the initial 2014 release) is likely to be relaunched in early 2017 and offer new PSC terms alongside existing concession terms. This exploration basin report provides a detailed analysis of recent exploration and future expectations including discovery and development costs, maps and details of licensing and fiscal terms. We also evaluate the yet-to-find volume and value potential. The report is accompanied by multiple excel downloads.