Horizon Oil Ltd - HZN

About

Horizon Oil Limited, based in Australia, is an oil and gas company primarily engaged in petroleum exploration, development, and production. It operates across two distinct segments: New Zealand: This segment focuses on the development and production of crude oil from the Maari/Manaia oil field. It also encompasses the exploration and evaluation of hydrocarbon reserves within the permit area. The oil fields are located offshore in the Taranaki Basin in the Tasman Sea. China: In this segment, Horizon Oil concentrates on developing and producing crude oil from various oil field developments, including Block 22/12-WZ6-12, WZ12-8W, and WZ12-8E. Exploration and assessment of hydrocarbon potential within Block 22/12 are also part of this segment's activities. Through its operations in New Zealand and China, Horizon Oil plays a significant role in the energy sector by extracting and utilizing petroleum resources from offshore oil fields.