Horizon Oil (ASX:HZN) announced that the Nam Phong joint venture has reached a final investment decision for the Nam Phong Booster Compressor Project, a strategic initiative aimed at enhancing gas recovery at the recently acquired Nam Phong field in Thailand.
The project involves installing a refurbished gas engine-driven compressor that will use treated field gas as fuel—a solution chosen for its cost-efficiency, faster delivery, and potential to unlock additional reserves.
Once operational by mid-2026, the booster compressor is expected to increase field output by at least 40%, depending on reservoir performance.
All required environmental and regulatory approvals have been secured, with Production Solutions appointed as the preferred vendor. Procurement and site preparation are now underway.