Horizon Oil Begins Production from New Infill Well in Beibu Gulf

The latest announcement is out from Horizon Oil Limited ( (AU:HZN) ).

Horizon Oil Limited has successfully commenced production from the A9H infill well in the WZ12-8 Mid field, located in Block 22/12 in the Beibu Gulf, China. This development marks a significant achievement for the company as it not only targets unswept oil in the primary U4 reservoir but also unexpectedly tapped into the shallower U1 reservoir, potentially increasing oil recovery. The initial production from the U1 reservoir is promising, with a gross flow rate of 372 barrels of oil per day, and the company plans to book reserves consistent with pre-drill estimates. This advancement underscores Horizon’s strategic efforts to enhance production capabilities and optimize resource recovery within the joint venture framework.

More about Horizon Oil Limited

Horizon Oil Limited is an energy company involved in the exploration and production of oil and gas. The company primarily focuses on operations in the Beibu Gulf, China, and is part of a joint venture with other industry players.

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