Hess 1999 Annual Report Download - page 16

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14
THAILAND
Am erada Hess has a 15% interest in the Pailin Field that came onstream in August 1999. The Corpo-
ration’s share of production is currently averaging 25,000 Mcf of natural gas per day and 1,500 barrels
of condensate per day. Natural gas production is expected to increase to 50,000 M cf of natural gas per
day as demand justifies bringing the phase two development onstream. The Pailin Field is offshore
Thailand and its production is sold in the Thailand gas market.
MALAYSIA
Am erada Hess expects to drill one well each on SK-306 (AHC 80%) and PM-304 (AHC 70%) in 2000.
There are oil and gas discoveries on these blocks and the Corporation w ill evaluate the commercial
potential of the hydrocarbons on these blocks.
VIETNAM
Am erada Hess acquired a 24.50% interest in Block 16-1 in the Mekong Basin, offshore Vietnam , in
1999. Seism ic work is planned in 2000.
AZERBAIJAN
Am erada Hess has a 1.68% equity interest in the Azeri, Chirag and Guneshli Fields being developed
in the Caspian Sea by the AIOC consortium. Current net production is 1,500 barrels of oil per day and
is expected to peak in 2008 at about 14,000 barrels of oil per day, assuming pipeline capacity
is increased.
Am erada Hess has acquired an interest in the Kursanga and Karabagly Fields onshore Azerbaijan
and plans for the rehabilitation of these fi elds have been approved. The Corporation’s share of pro-
duction from these fields is expected to rise from approximately 1,300 barrels of oil per day in 2000 to
a peak of 7,000 barrels of oil per day in 2005.