Sinphuhorm, Thailand

Ophir has a 9.5% operated interest in the Sinphuhorm gas field, onshore Northeast Thailand (held through Ophir’s shareholding in APICO LLC).

Sinphuhorm, Thailand

The Sinphuhorm gas field is located on the Khorat Plateau, onshore northeast Thailand, within two concessions covering Blocks E5N and EU1.

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Key highlights

  • In 2015, gross production from the Sinphuhorm field was 26% ahead of budget at 121 mmscfd.

Outlook

  • Production in 2016 is forecast to be c.100 mmscfd.

26%

ahead of gross production forecast in 2015

Production from the Sinphuhorm field commenced in November 2006.

The gas and liquids are transported through a 62 km pipeline to a gas processing plant located alongside the Nam Phong power station. At the gas processing plant, the liquids (including water) are removed. The dry gas is sold to PTT under a gas sales agreement and the condensate is sold to PTT under a separate sales agreement. The daily contracted quantity is 108 MMscfd and the gas sales agreement runs until 2021 with the potential to be extended by 10 years.

The SPHE-1ST well was drilled in 2013 in concession L15/43 which neighbours the existing Sinphuhorm production area. The well was a discovery indicating that the field extends into L15/43. The Sinphuhorm GSA has provision to expand the contract area to include gas from L15/43 and APICO is working to conclude the negotiation.