Thailand - First Gas Achieved Ahead of Schedule
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| Stock | Horizon Oil Ltd (HZN.ASX) |
|---|---|
| Release Time | 19 Aug 2026, 9:43 a.m. |
| Price Sensitive | Yes |
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Horizon Oil Achieves First Gas from Thailand Project Ahead of Schedule
Key Points
- First gas achieved on 11 August 2026, 50 days ahead of schedule
- Pad D facility successfully completed 72-hour performance test
- PH-14 well produced between 25 and 30 MMSCFD during testing
Full Summary
Horizon Oil Limited has announced that the Sinphuhorm Pad D Facility Project in Thailand has achieved first gas ahead of schedule on 11 August 2026. The project completed its 72-hour performance test successfully, with the PH-14 well producing between 25 and 30 million standard cubic feet of gas per day (MMSCFD). The Pad D development is expected to enhance field productivity and maximize the utilization of existing infrastructure. Horizon holds a 7.5% interest in the Sinphuhorm gas and condensate field.
Outlook
The early delivery of the new production infrastructure is expected to enhance Thailand's energy security and support the efficient development of the remaining gas resources in the northern part of the Sinphuhorm field.
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