Horizon impairs PNG assets

HORIZON Oil has impaired its Papua New Guinea assets by close to US$60 million based on “material uncertainties” in the nation and little movement in progressing its developments in recent years coupled with changes to laws that allow for a national interest test when awarding or extending mining and petroleum licenses. 

Horizon impairs PNG assets Horizon impairs PNG assets Horizon impairs PNG assets Horizon impairs PNG assets Horizon impairs PNG assets

The Maari field