Horizon Oil Company News

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Drilling Commences at WZ 12-8W-A6P1 Appraisal Well in China's Beibu Gulf
Tuesday, November 17, 2015Horizon Oil says drilling has commenced at the WZ 12-8W-A6P1 appraisal well in China's Beibu Gulf.

Ensco 107 Prepares to Demobilize from Maari Field Offshore New Zealand
Tuesday, July 07, 2015Horizon Oil says the Ensco 107 jackup will demobilize from the Maari field offshore New Zealand after successfully drilling and completing the MR10 production well.

OMV Successfully Completes Maari Redevelopment Project Off New Zealand
Thursday, July 02, 2015OMV successfully completes Maari redevelopment project offshore New Zealand.

OMV Commences First Oil from MR7A Development Well in NZ's Maari Field
Monday, May 25, 2015OMV commences production from the MR7A development well in the Maari oil field offshore Taranaki in New Zealand.

Horizon Oil Deems Results of Nama-1 Well in PNG's PPL 259 Non-Commercial
Friday, January 16, 2015Horizon Oil reveals that the Nama-1 exploration well in permit PPL 259 in Papua New Guinea is not deemed to be commercially productive.

Horizon Oil Spuds Nama-1 Exploration Well in PPL 259 in Papua New Guinea
Friday, December 05, 2014Horizon Oil spuds the Nama-1 exploration well in PPL 259 in Western Province of Papua New Guinea.

OMV Gets First Oil from Maari Growth Project
Monday, December 01, 2014Austrian energy group OMV draws first oil from the Maari redevelopment drilling campaign in New Zealand, a project that aims to increase reserves, production and recovery from a producing offshore field.

Horizon Reports Oil Discovery at WZ 12-10-2 Well in Beibu Gulf Block 22/12
Tuesday, October 14, 2014Horizon Oil reports an oil discovery at WZ 12-10-2 well in Beibu Gulf Block 22/12 offshore China.

Roc Oil Spuds WZ12-10-2 Well in Beibu Gulf Block 22/12 Offshore China
Wednesday, October 08, 2014Roc Oil spuds WZ12-10-2 exploration well in Beibu Gulf Block 22/12 offshore China.

Roc Oil Reports Oil Find at WA12-10-1 Well in Beibu Gulf Block 22/12
Monday, September 29, 2014Roc Oil reports an oil discovery at WZ12-10-1 well in Beibu Gulf Block 22/12 offshore China.

Roc Oil Spuds First of Two Wells in Beibu Gulf Block 22/12 Offshore China
Thursday, September 11, 2014Roc Oil spuds the first of two exploration wells in Beibu Gulf Block 22/12 offshore China.

Positive Production Test Results Seen at Stanley-5 Well in PDL 10 in PNG
Wednesday, August 27, 2014Horizon Oil reports positive production testing results at Stanley-5 development well in permit PDL 10 in Papua New Guinea.

OMV Completes Drilling at Whio-1 Well in NZ's PEP 51313, No Commercial Find
Tuesday, August 26, 2014OMV New Zealand completes drilling operations at Whio-1 exploration well in permit PEP 51313 in the Taranaki Basin, offshore New Zealand without making a commercial discovery.

Horizon Oil Terminates Merger Implementation Deed with Roc Oil
Tuesday, August 05, 2014Horizon Oil terminates the merger implementation deed with Roc Oil following the offer to acquire the latter by Fosun International.

Roc Oil Draws a Second Acquisition Proposal, Denies Cliq Energy is a Bidder
Friday, July 11, 2014Roc Oil receives a second proposal from an unnamed firm to acquire all the issued share capital of the Australian company.

Horizon Oil Recommends Shareholders Accept Merger with Roc Oil
Friday, July 04, 2014Horizon Oil recommends that the firm's shareholders accept the merger with Roc Oil in the absence of a superior proposal.

Horizon Gets Development, Pipeline Licenses for PNG's Stanley Gas Project
Tuesday, June 03, 2014Horizon Oil receives licenses to proceed with development of the Stanley gas project and pipeline in Papua New Guinea.

PNG's Stanley Gas Project JV Awaits Grant of Development License
Monday, May 26, 2014Horizon Oil reports that the Stanley Gas Project joint venture in Papua New Guinea is awaiting the grant of a development license from the Minister for Petroleum and Energy.

Stanley Project Approval Continues PNG Growth
Monday, May 05, 2014Papua New Guinea's oil and gas industry has experienced significant expansion in recent years, with development of the Stanley project on course to boost the sector in the country's Western Province.

Horizon and Roc Oil Plan Merger
Tuesday, April 29, 2014Asian focused companies, Horizon and Roc Oil, announce intentions to merge and establish a single entity with significant exploration and production assets.

Horizon Oil Gets Approval to Develop Stanley Gas, Condensate Project in PNG
Monday, April 14, 2014Horizon Oil receives approval to develop the Stanley gas condensate project in Western Province, Papua New Guinea.

Ketu Petroleum to Acquire 20% Stake in PPL 259 in PNG from Eaglewood Energy
Thursday, December 05, 2013Eaglewood Energy inks deal to farm out 20 percent interest in Petroleum Prospecting License 259 in Western Province, Papua New Guinea to Ketu Petroleum.

Horizon Records Strong Gas/Condensate Flows in Ketu-2 Well Production Test
Tuesday, November 12, 2013Horizon Oil records strong gas/condensate flows during production testing of Ketu-2 appraisal well in Petroleum Retention License 21 in Western Province, Papua New Guinea.

Horizon Updates on Drilling at Manaia-2/2A Well in the Taranaki Basin
Monday, November 11, 2013Horizon Oil provides an update on drilling at the Manaia-2/2A well in the offshore Taranaki Basin, New Zealand.

Horizon Reports Strong Gas/Condensate Flows During Testing of Tingu-1 Well
Monday, October 28, 2013Horizon Oil reports strong gas/condensate flows during testing of the Tingu-1 exploration well in Petroleum Retention License 21 in Western Province, Papua New Guinea.

ROC Finalizes Option to Farm Out 40% Stake in Block 09/05 in Bohai Bay
Thursday, October 10, 2013Roc Oil finalizes an option agreement to farm out 40 percent interest in Block 09/05 in Bohai Bay, China to Horizon Oil.

Horizon Oil Reports Gas/Condensate Discovery in PRL 21 in PNG
Wednesday, October 02, 2013Horizon Oil reports significant gas/condensate discovery at the Tingu-1 exploration well in petroleum retention license 21 in Western Province, Papua New Guinea.

Horizon Oil Gives Drilling Update on Tingu-1 Well at PRL 21
Friday, September 27, 2013Horizon Oil provides a drilling update on Tingu-1 exploration well in Petroleum Retention License 21 in Western Province, Papua New Guinea.

OMV Spuds Manaia-2 Well in PMP 38160 off New Zealand
Tuesday, September 03, 2013Horizon Oil announces that operator of Petroleum Mining Permit 38160 OMV New Zealand has spud the Manaia-2 well off New Zealand.

Maari Oil Field Shutdown Due to Major Facility, Equipment Upgrade
Friday, August 30, 2013Horizon Oil reports that the Maari oil field offshore Taranaki, New Zealand, will be shut until December due to a major facility and equipment upgrade.

Horizon Spuds Tingu-1 Well in PRL 21 in Papua New Guinea
Tuesday, August 27, 2013Horizon Oil spuds the Tingu-1 exploration well in Petroleum Retention License 21 in Western Province, Papua New Guinea.

Osaka Gas Buys PNG Gas Fields
Thursday, May 23, 2013Osaka Gas buys stakes in natural gas assets in Papua New Guinea from Horizon Oil.

Petsec Enters Sale, Purchase Agreement with Horizon
Friday, June 03, 2011Petsec Energy has entered into a Sale and Purchase Agreement with Horizon for a A $38 million cash payment, plus options with a 3 year term and exercise price of 37 cents/share over 15 million Horizon Oil.

CNOOC May Become Operator of Beibu Gulf Oil Fields
Tuesday, November 24, 2009Roc Oil said Tuesday that talks with CNOOC over the development of two oil fields offshore southern China could lead to the Chinese taking over as operator.

Maari Books 100MM Barrels with Additional Wells
Wednesday, November 04, 2009The Maari oil field and its adjacent Manaia field offshore New Zealand contain more than 100 million barrels of recoverable oil, twice as much as originally estimated for the main Moki sands reservoir.

Cue Expands Interests Offshore New Zealand
Tuesday, October 20, 2009Cue has farmed-in to two new exploration permits in New Zealand. The acquisition of interests in these permits will build on Cue's interests in the successful Maari and Manaia oil fields.

Maari Pumps Near 40,000 BOPD as Manaia-1 Extension Hits Oil
Monday, September 14, 2009Production of crude oil from the offshore Maari oil field has reached close to 40,000 barrels a day, substantially above the expected production capacity.

Cue Reports on Manaia Well Suspension, Maari Production Well
Friday, September 11, 2009The Manaia well has been temporarily suspended and drilling of the M2A production well on the Maari Field has commenced.

More Oil in Extended Maari Field, Partners Say
Friday, September 04, 2009The two additional Maari oil field reservoirs now being targeted in offshore south Taranaki are together expected to contain a mean oil-in-place volume of approximately 101 million barrels.

Cue Reports on Drilling Operations at Manaia-1 Appraisal
Friday, August 28, 2009Cue advised that since the last report the Manaia appraisal well has drilled to a depth of 4633m in 12-1/4" hole. A drillpipe is being run back into the hole in preparation to continue drilling ahead.

Cue Confirms Appraisal Drilling at Manaia-1 Offshore New Zealand
Tuesday, August 04, 2009Cue confirmed that the Manaia-1 appraisal well began drilling on August 1, 2009. The well is being drilled following successful completion of the Maari development drilling program.

Maari Partners Exploit Additional Oil-Bearing Zone to Enhance Field
Friday, July 31, 2009The Maari oil field partners are to go ahead with exploitation of a second oil-bearing zone, which could provide additional production and possible increased recoverable volumes from Maari as a result of field life extension.

Maari JV to Spud M2A Production Well
Friday, July 10, 2009Cue announced that the Maari Joint Venture has approved drilling of the M2A production well, which will be spud in late September 2009.

Korean Firms Test Water Offshore China
Thursday, June 04, 2009Majuko Group's purchase of a stake in an oil block near Hong Kong could pave the way for more deals offshore China by Korean firms.

Maari Oil Field Pumps First 900,000 Barrels
Tuesday, May 19, 2009The latest Taranaki offshore oil field at Maari has pumped in excess of 900,000 barrels of oil soon after the start-up of the third of its planned five oil wells.

Maari JV Approves Drilling Manaia-1 Appraisal Well Offshore New Zealand
Tuesday, May 19, 2009The Maari Joint venture has approved drilling of the Manaia-1 appraisal well. The well is currently scheduled to commence drilling in mid August 2009, at the end of the Maari development drilling program.

New Zealand's Maari Field Flows First Oil
Wednesday, February 25, 2009New Zealand's largest oil field has passed a significant milestone with the commencement of oil production.

Countdown Begins: NZ's Maari Oil Field 10 Weeks Away from First Oil
Wednesday, January 21, 2009Field development on the offshore New Zealand oil field is nearing completion, and production is expected to commence on Maari in February 2009.

Horizon Increases Stake in Taranaki Permit Offshore New Zealand
Tuesday, September 30, 2008Horizon Oil has acquired a 25% interest in Petroleum Exploration Permit 38494 in the southern Taranaki Basin, offshore New Zealand, by way of a farm-in agreement with Todd Energy.

Horizon Tests, Re-Completes Stanley-1 Well in PNG
Friday, July 18, 2008The next steps for Horizon Oil will be the drilling of the Stanley-2 supply well in the first half of 2009. The Stanley-1 well will serve as a back-up supply well and an injector well for any gas produced that is surplus to PNG SEL's requirements.