Horizon Oil (ASX: HZN) — Company Overview, News & Financial Data
Horizon Oil focuses on oil and gas exploration and production in the Asia-Pacific region, particularly China and New Zealand.
Horizon Oil
Horizon Oil is an upstream oil and gas exploration and production company operating across the Asia-Pacific region. The company engages in the acquisition, development, and production of conventional crude oil and natural gas assets. Its operational portfolio spans five key geographic markets, including off-shore and on-shore interests in China, New Zealand, Thailand, Indonesia, and Australia's Northern Territory. Horizon Oil holds key working interests in major producing assets such as Block 22/12 in the Beibu Gulf of China, the Maari oilfield in New Zealand, the Mereenie, Palm Valley, and Dingo gas fields in Australia, as well as onshore production sharing contracts in Thailand and Indonesia.
Snapshot
Operations
Products and/or services of Horizon Oil
- Crude Oil Production in China: Upstream offshore petroleum production in Block 22/12 located within the Beibu Gulf, operating under a 26.95% net working interest production license to supply unrefined crude oil to regional energy markets.
- Offshore Petroleum Operations in New Zealand: Offshore crude oil extraction activities situated at the Maari field under PMP 38160, holding a 26.00% direct working interest alongside additional effective equity through interest in Cue Energy Resources.
- Onshore Natural Gas and Crude Production in Australia: Production and distribution of natural gas and liquids from onshore fields in the Northern Territory, including effective working interests of approximately 29.3% in Mereenie and 8.6% in both Palm Valley and Dingo.
- Onshore Gas Asset Development in Thailand: Exploration and gas extraction operations in northeast Thailand, encompassing a 7.50% net working interest in the Sinphuhorm gas field and a 60% net working interest in the Nam Phong gas concession.
- Petroleum Production Sharing Contracts in Indonesia: Onshore crude oil and natural gas production managed under Production Sharing Contracts, holding effective participating interests of approximately 6.4% in the Mahato PSC and 8.6% in the Sampang PSC through Cue Energy.
- Hydrocarbon Exploration and Field Development: Evaluation, drilling, and commercial maturation of near-field appraisal targets and prospective regional petroleum blocks across Asia-Pacific basins to expand proven reserves and optimize long-term field recovery rates.
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