Country report
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27 Pages

Malaysia/Thailand JDA upstream summary

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 ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 858.05 KB 27 Pages, 17 Tables, 11 Figures
  • Country Overview XLS - 606.00 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Geology
    • Introduction
      • Regional setting
      • The Malay Basin
  • Exploration
    • Licensing
    • Prior to the JDA
      • Initial Malaysian awards
      • Initial Thai awards
      • Seeking a resolution
    • The JDA
      • Block A-18
      • Blocks B-17, C-19 and 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/C-19 (CPOC)
      • Block B-17-01
      • 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)
  • 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
  • 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
      • 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

In this report there are 28 tables or charts, including:

  • Executive summary
    • Remaining and Produced Liquids and Gas Reserves
    • Gas Production
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Geology
  • Exploration
    • Historic Drilling Activity by Well Type 1992-2015
    • Technical and Commercial Success Rates*
  • Reserves and resources
    • Remaining and Produced Liquids and Gas Reserves
    • Reserves and resources: Table 1
  • Production
    • Liquids Production
    • Production: Table 1
    • Production: Table 2
    • Gas Production
    • Production: Table 3
    • Production: Table 4
  • Infrastructure
    • Peninsular Malaysia Gas Infrastructure Map
    • Gulf of Thailand Gas Infrastructure Map
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
    • Costs: Table 4
    • Operating Expenditure by Region (US$ Million)
  • Policy and regulation
    • Policy and regulation: Table 1
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • GEM models
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