The operation aims to extract additional oil from an established field, with the well situated close to existing production ...

Horizon Oil Limited has announced a strategic acquisition of interests in two gas fields in Thailand, acquiring a 7.5% stake in the Sinphuhorm field and a 60% stake in the Nam Phong field.

The field is a depletion drive reservoir with estimated final recovery factor of 82%. Nam Phong gas field lies 440 km north northeast of Bangkok and 60 km south of Sinphuhorm field. It was ...