By an OGJ correspondent
BANGKOK, July 22 -- A four-company consortium led by Amerada Hess (Thailand) Ltd. has signed an accord to sell natural gas from the onshore Phu Horm gas field in northeastern Thailand to Thailand's PTT Exploration & Production PLC (PTT). Phu Horm is on Block E5N in Udon Thani province.
Initial deliveries of 79 MMcfd of gas will begin during April-November 2006. In a subsequent stage, deliveries will increase to as much as 108 MMcfd, depending on the gas depletion rate from Nam Phong field just north of Phu Horm in Khon Kaen province.
Nam Phong, operated by ExxonMobil Corp., was the country's first onshore gas field and is close to the end of its production life. Phu Horm gas will replace the Nam Phong gas supply to Egat PLC's power plant 40 km from Phu Horm (OGJ Online, June 9, 2003).
The initial estimate of Phu Horm's gas reserves is 550 bcf plus condensate capable of yielding 500 b/d of production.
The Phu Horm consortium consists of Amerada Hess (operator) 35%, Apico LLC 35%, PTT 20%, and ExxonMobil Exploration & Production Khorat Inc. 10%.
