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Horizon Oil (AU:HZN) — Company Overview, News & Financial Data

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Company profile

Horizon Oil

About

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Horizon Oil Limited (ASX:HZN) is an oil and gas exploration, development and production company with a focus on Asia-Pacific. The company's operations are split across two key regions: China and New Zealand. Horizon Oil's objective is to become a leading oil and gas company in the Asia-Pacific region. The company is committed to growing its production and reserves, and to providing its shareholders with a sustainable return on their investment.

Snapshot

Public AUOwnership
1969Year founded
38Employees
New South Wales, AustraliaHead office
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Global footprint

Operations

All Locations
Australia

Products and/or services of Horizon Oil

  • China: Horizon Oil is the operator of the Weizhou 12-8 oil field in the Beibu Gulf, China. The field produces high-quality light oil and is currently producing around 5,000 barrels of oil per day (bopd).
  • China: Horizon Oil is developing the WZ12-8E oil field in the Beibu Gulf, China. The WZ12-8E oil field is expected to commence production in 2024 and is expected to produce around 5,000 bopd.
  • New Zealand: Horizon Oil is a non-operating partner in the Maari oil field in the Taranaki Basin, New Zealand. The Maari oil field is one of the largest oil fields in New Zealand and currently produces around 50,000 bopd.

Horizon Oil executive team

  • Mr. Richard Beament B.Com., C.A.MD, CEO & Director
  • Mr. Kyle Keen BACC, C.A.CFO & Assistant Company Secretary
  • Mr. Gavin Douglas B.Sc., M.Sc.Group Chief Operating Officer
  • Mr. Vasilios Margiankakos B.E.Company Secretary & Group Tax Manager