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Horizon Oil Uncovers Unexpected Reservoir in New Beibu Gulf Well

9:44am on Monday 16th of June, 2025 AEST Energy
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Horizon Oil Uncovers Unexpected Reservoir in New Beibu Gulf Well

9:44am on Monday 16th of June, 2025 AEST
Key Points
  • A9H infill well successfully drilled and producing in WZ12-8 Mid field
  • Unexpected discovery of oil in shallower U1 reservoir alongside targeted U4 zone
  • Initial production from U1 reservoir at 372 barrels per day gross
  • Reserves to be booked at 0.4 million barrels gross as of June 30, 2025
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