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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
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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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