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New Articles

Sunday, 20 July, 2008, 22:20 GMT | more prices >>

Production flying at Phu Horm

By Upstream staff

Production at Thailand's onshore Phu Horm gas field has ramped up to 100 million cubic feet of gas per day.

The field started production on 30 November 2006 at a rate of 60 MMcfd. Yesterday the output rate has risen to 100 MMcfd, said field partner PTTEP at a field inauguration ceremony.

The gas is sold to PTT Public Company, which in turn sells it to Nam Phong Electricity Generating Plant under a 15-year agreement to produce electricity for the north-eastern part of Thailand.

PTTEP president Maroot Mrigadat said Phu Horm is an important energy source for the production of electricity in north-east Thailand.

He added that PTTEP plans to develop other exploration and production projects under concessions it received from the Department of Mineral Fuels so that the north-east will have supplementary long-term energy sources.

Hess owns a 35% operating interest in the field. Partners are Apico (35%), PTTEP (20%) and ExxonMobil (10%).