Horizon plots NZ project life extension

Horizon Oil has continued to deliver strong oil production from its stakes in the Maari and Manaia fields, New Zealand, with 310,122 barrels of oil recorded in the company’s 2020 half year report. Read more

Beach abandons New Zealand well

Beach Energy has advised that OMV, operator of the Tawhaki-1 exploration well in the Great South Basin offshore New Zealand, has reached a target measured depth of 2980m at the prospect. Read more

Beach increases budget for 2020 project development

Beach Energy managing director Matt Kay has applauded the company for its “extremely active” drilling across the Cooper, Perth and Otway Basins during the December 2019 half year, with 105 wells drilled at a success rate of 83 per cent. Read more

Horizon marks strong end to 2019

Horizon Oil has completed another encouraging calendar year across its international operations with production of 1.6 million barrels, which resulted in revenue of $US111 million ($161 million). Read more

Beach acquires share in offshore NZ project

Beach Energy has reached an agreement with OMV GSB to acquire a 30 per cent participating interesting in exploration permit PEP50119 in the Great South Basin offshore New Zealand.

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NZ oil company could be insolvent

The company is the 100 per cent owner and operator of NZ’s Tui, Pateke and Amokura oil reservoirs in the Tui Area field, located Read more