Horizon Oil Drills Exploration Well to Target Depth at the Beibu Gulf

  • Nov 08, 2019 AEDT
  • Team Kalkine

Horizon Oil Limited (ASX: HZN) drills the WZ 6?12 M1 exploration well to the target depth:

  • The exploration well in the Beibu Gulf, People’s Republic of China, has been drilled to the target depth of 2025mMD.
  • CNOOC Limited, the current operator of the well, is abandoning the well as planned.
  • HZN holds 26.95% net working interest in the well, which achieved its objectives of drilling via Oligocene?aged Weizhou T30 to T32 sands.


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