OPERATIONS

Australian oil explorer makes FID on Chinese project

ASX-listed Horizon Oil which holds a 26.95% interest in the Weizhou 12-8 East oil field in the Beibu Gulf, offshore China, has made a final investment decision on the project.

paul hunt

Australian oil explorer makes FID on Chinese project

Weizhou 12-8 East forms part of the larger Block 22/12 project operated by China's CNOOC. The project started production in 2013. CNOOC holds a 51% interest in the project, while ROC Oil holds 19.6%,...

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