Amerada Hess Announces Commencement of Natural Gas Sales from Block A-18 of the Malaysian-Thailand Joint Development Area -JDA-.NEW YORK -- Amerada Hess Corporation (NYSE NYSE See: New York Stock Exchange : AHC AHC Appalachian Hardwood Center AHC American Heritage Center (University of Wyoming, Laramie, WY) AHC American Horse Council AHC Association for History and Computing AHC Australian Heritage Commission AHC Assault Helicopter Company ) announced that initial natural gas sales from Block A-18 of the Malaysia-Thailand Joint Development Area (JDA JDA Japan Defense Agency JDA Joint Development Agreement JDA Janne da Arc (band) JDA Joint Duty Assignment JDA Jerusalem Development Authority JDA Jovian Detention Authority (gaming) ) have commenced. Gross production is currently averaging approximately 110 million cubic feet per day (mmcf/d) and is expected to increase to 390 mmcf/d by the first quarter of 2006. Amerada Hess and Petronas Carigali each own a 50% interest in the Block A-18 Production Sharing Contract (PSC (Public Service Commission) Same as PUC. ). Amerada Hess estimates that net production from Block A-18 will exceed 55 mmcf/d in 2005 and 140 mmcf/d in 2006. About Amerada Hess Corporation Amerada Hess, headquartered in New York, is a global integrated energy company engaged in the exploration for and the production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products. |
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