Block B-17-01 is a part of the Malaysia-Thailand Joint Development Area (JDA) and used to be an area in Blocks A-18, B-17, and C-19, in which the concessionaires have relinquished parts of the concession to the Malaysia-Thailand Joint Authority. PTTEP will have an operating obligation of approximately USD 6 million for the first 5 years, which will include the geological and geophysical studies, seismic surveys, and the drilling of 2 exploration wells.
This investment will enhance the value of petroleum exploration projects in the Gulf of Thailand and the JDA through synergy for optimum operational efficiency.
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