The Malaysia-Thailand Joint Development Area (MTJDA) that located in the North Malay Basin has been investigated in this study to resolve few issues concerning to petroleum potential and resources which has been abandon for decades. Despite Malay Basin having been proven to contain prolific oil and gas resources, the MTJDA which located in the Northern area however contains mainly gas with very minor oil. Thus, this study aimed to investigate the main factor that controls the hydrocarbon generation, type and distribution in this basin. The investigation involves biomarker characterization, thermal maturity assessment of source rock, crude oil and condensate, together with oil-oil and oil-source correlation that has never been established before. The geochemical data as indicated by bitumen extraction, GC-MS and Py-GC analyses on 40 cutting samples and 8 liquid samples (six oil samples and two condensate samples) revealed that the cutting samples were moderate in quality with variable richness based on TOC (total organic carbon) and a variable degree of maturity based on the biomarker proxy parameters of isoprenoid, hopanoid and steroid. The organic matter input for the source rock was derived from a mixed marine-terrestrial and terrestrial source and deposited in fluvial-deltaic/estuarine settings having oxic to sub-oxic depositional conditions. Based on biomarker fingerprints and proxy parameters, the oil and condensate samples were essentially of the same group, originating from a similar source rock, with some facies variation due to variations in organic matter input and degree of maturity. The results also indicated that the crude oil samples were originated from the coaly and carbonaceous shales of Group I, with mixed kerogen of type II/III that could produce gas with minor oil. There is also the possibility that these hydrocarbons were generated from a deeper interval of Group E (higher thermal maturity), deposited in a similar setting as Group I.