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Horizon Oil Greenlights $1.5M Booster to Lift Nam Phong Gas Output by 40%

9:34am on Tuesday 13th of January, 2026 AEDT Energy
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Horizon Oil Greenlights $1.5M Booster to Lift Nam Phong Gas Output by 40%

9:34am on Tuesday 13th of January, 2026 AEDT
Key Points
  • Final Investment Decision approved for Nam Phong Booster Compressor Project
  • Project to increase gas production by at least 40% depending on reservoir performance
  • Refurbished gas engine-driven compressor selected for cost-efficiency and speed
  • Horizon’s share of development costs under US$1.5 million, funded from cash reserves
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