Country Report
Malaysia/Thailand JDA upstream summary
Report summary
The Malaysia-Thailand Joint Development Area (MTJDA) was formed in 1979 when the Malaysian and Thai governments agreed to cooperate on the exploration and exploitation of hydrocarbons in an area of continental shelf subject to overlapping claims in the Gulf of Thailand. Following the initial 1979 Memorandum of Understanding, and subsequent award of the first Production Sharing Contracts (PSCs) in 1994, exploration in the MTJDA has led to several significant gas discoveries, including the ...
Table of contents
-
Executive summary
- Key Issues
- Key facts
- Location maps
-
Geology
-
Introduction
- Regional setting
- The Malay Basin
-
Introduction
-
Exploration
- Licensing
-
Prior to the JDA
- Initial Malaysian awards
- Initial Thai awards
- Seeking a resolution
-
The JDA
- Block A-18
- B-17-01
-
Drilling
- Drilling activity
- Initial Exploration
- The Pilong (Cakerawala) discovery
-
Activity following the licensing of the MTJDA
- Block A-18 (CTOC)
- Block B-17-01 (CPOC)
- Success rates
- Reserves and resources
-
Production
- Liquids
- Gas
- 1999 gas sales agreement for Block A-18
- Revisions to original Block A-18 gas sales agreement (2004)
- Additional gas sales agreements for Block A-18 (2004)
- Block B-17 sales agreement (2005)
- Supplementary gas sales agreement (2013 and 2016)
- Contract extension to 2025
-
Infrastructure
- Oil infrastructure
- Gas infrastructure
-
Malaysia infrastructure
- Gas separation plant
- Onshore sales gas pipeline
- NGL pipeline system
- Thailand infrastructure
-
Costs
-
Capital costs
- Capital expenditure by location
-
Operating costs
- Operating expenditure by location
-
Capital costs
-
Policy and regulation
- Key legislation
- Regulatory body
- The MTJA
- Licensing
-
Fiscal terms
- Overview
- Upstream
- Current fiscal terms
- Production Sharing Contracts (PSCs)
-
State Equity Participation
- Participation Rate
-
Bonuses, Rentals and Fees
- Signature Bonuses
- Discovery Bonuses
- Production Bonuses
- Indirect Taxes
-
Royalty and Other Production Taxes
- Royalty
- Export Duty
- Environmental/CO2 Taxes
- Other Production Taxes
- Research Contribution
- Domestic Market Obligation (DMO)
- Contractor Revenue Entitlement
-
Products Pricing
- Liquids Pricing
- Gas Pricing
-
PSC Cost Recovery
- Cost Recovery Ceiling
- Recoverable Costs
- Investment Uplift/Credit
- Cost Carry Forward
- PSC Profit Sharing
-
Petroleum Income Tax
- Tax Rate
-
2022 annexation
- Malaysian Depreciation
- Thailand Depreciation
-
Additional Profits Tax
- Supplementary Payment
- Fiscal/Contractual Ring Fences
- Other Taxes
-
Sample Cash Flows
- Key Assumptions
- Marginal Government Take
- Historical background
- 1990s
Tables and charts
This report includes 27 images and tables including:
- Key facts: Table 1
- Country Map
- Liquids and Gas Production and Reserves
- Reserves and resources: Table 1
- Liquids and Gas Production and Reserves
- Gas Production
- Liquids Production
- Production: Table 1
- Production: Table 2
- Gas Production
- Production: Table 3
- Production: Table 4
- Peninsular Malaysia Gas Infrastructure Map
- Gulf of Thailand Gas Infrastructure Map
- Policy and regulation: Table 1
- Fiscal terms: Table 5
- GEM models
- Historic Drilling Activity by Well Type 1995-2023
- Geological and Commercial Success Rates
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Costs: Table 4
- Fiscal terms: Table 1
- Fiscal terms: Table 2
- Fiscal terms: Table 3
- Fiscal terms: Table 4
What's included
This report contains:
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