Amerada Hess Plans Thai Investment

Amerada Hess plans to invest approximately $200 million in exploration and production operations in northeast Thailand over the next five years. The investment is earmarked for the Phu Horm-3 concession block in Unon Thani province. This concession is estimated to contain 400-800 billion cubic feet of dry natural gas. Recent production tests at Phu Horm-3 produced a daily flow of 46 million cubic feet (1.3 million cubic meters) of gas.

Plans call for commercial gas production from Phu Horm-3 to start by mid-2005, but the company would try to bring the date forward to late 2004.