PPL 574 (formerly PPL 259)

HZN_PNG-Fields-&-Prospects_CROPPED_WEB_March-2017

 

Participants in PPL 574 are:-

Horizon Oil  80% (Operator)
Osaka Gas  10%
Mega Fortune
10%

 

PPL 574 covers an area of approximately 2,805 sq km in the Western Province of PNG.

 

Activity during the year was focused on interpretation and analysis of the Nama-1 well log and sidewall core data to evaluate the remaining potential of the broader prospect. In addition, a thorough reinterpretation of the regional seismic and pressure data was undertaken to refine the prospects and leads portfolio.

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