OPERATIONS

Horizon completes NZ upgrade

LIFE goes on in New Zealand’s offshore oil and gas sector despite the government’s decision to cease future exploration, with Horizon Oil today announcing it has completed the acquisition of Todd Maari Limited’s 16% interest in the PMP 38160 area for US$17.6 million.

Maari field activity

Maari field activity

Horizon first flagged a deal with Todd in November 2017, noting that the transaction was subject to New Zealand government approval, joint venture consent and other conditions.   The permit includes...

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