Operations

We have a well balanced portfolio of conventional oil production in China and New Zealand, and substantial condensate-rich gas resources in Papua New Guinea.

Our Locations

China

On production

New Zealand

On production

Papua New Guinea

Largest uncommitted gas resource in the country

China

Overview

Horizon has been a participant in the petroleum contract for Block 22/12 since 1999, with foreign joint venturers Roc Oil and Majuko Corporation.  The block is located in the Beibu Gulf of the South China Sea, in approximately 40 metres of water. First production from Block 22/12 occurred in 2013 from the Weizhou 6-12 and Weizhou 12-8 oil fields. Near-field exploration and appraisal opportunities provide upside potential. China National Offshore Oil Corporation (CNOOC) operates the producing fields.

Horizon Interest (%)

Production26.95%

Exploration55%

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China: Current Operations

New Zealand

Overview

The Maari and Manaia producing oil fields are located in the Taranaki Basin in the Tasman Sea, 80km offshore the south Taranaki coast of New Zealand in approximately 100m of water. Our joint venturers are OMV New Zealand and Cue Energy. OMV New Zealand operates the field.

Horizon Interest (%)

Production26%

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New Zealand: Current Operations

Papua New Guinea

Overview

Our PNG resources constitute a large stake in substantial condensate-rich gas resources covering approximately 7,900km2 in the Western Province of Papua New Guinea. Our assets are located on the pipeline route of ExxonMobil, Oil Search and Santos’ planned PNG LNG expansion infrastructure.

Horizon Interest (%)

Stanley Field (PDL 10)30%

Elevala / Ketu fields (PRL 21)30.15%

Ubuntu Field (PRL 28)30%

Puk Puk & Douglas Fields (PRL 40)20%

Surrounding Exploration Licences80-100%

Papua New Guinea: Current Operations