Coastal Energy owns working interests in multiple assets onshore Thailand through its 39% ownership of APICO, LLC.
The Company holds a net 13.7% working interest in the Hess-operated Sinphuhorm gas field located in northeastern Thailand. The field produces over 90 mmcf/d of natural gas. The gas is sold to PTT under a 15 year gas sales agreement.
Coastal also holds working interests in multiple exploration blocks onshore Thailand, all of which are operated by APICO.