Piyasvasti opens Phu Horm gas field
Phu Horm, a natural-gas development and production project in the Northeast, has officially started production at the rate of 100 million standard cubic feet of gas per day.
Energy Minister Piyasvasti Amranand presided yesterday over the inauguration of the Phu Horm gas field. Maroot Mrigadat, the president of PTT Exploration and Production (PTTEP), also attended the ceremony. Phu Horm actually started production on November 30 last year at the rate of 60 million standard cubic feet of natural gas per day. Today, the production rate has risen to 100 million. The gas is sold to PTT, which in turn sells it to Nam Phong Electricity Generating Plant under a 15-year agreement to produce electricity for the Northeast. Maroot said Phu Horm was an important energy source for the production of electricity in the Northeast. He added that PTTEP had a plan to develop other exploration and production projects under concessions it received from the Mineral Fuels Department, so that the Northeast would have a supplementary long-term energy source. The Phu Horm project is situated in Udon Thani and Khon Kaen provinces, about 45 kilometres north of the Nam Phong generating plant. It covers an area of 231.6 square kilometres. Hess (Thailand) is the operator, with a 35-per-cent interest. Partners include Apico with a 35-per-cent stake, PTTEP with 20 per cent, and ExxonMobil Exploration and Production Khorat with 10 per cent.
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