Horizon Oil forecasts ongoing strong production in China, NZ

Thu, 23 Aug 2018

By Gavin Evans Aug. 23 (BusinessDesk) - Horizon Oil is projecting similar production for 2019 and improved revenue on the back of infill drilling at its operations in China’s Beibu Gulf and ongoing optimisation efforts in the Maari field off the Taranaki coast. The Sydney-based explorer is expecting oil sales of 1.6 million to 1.8 million barrels in the current financial year, up from the 1.65 million achieved in the June year just ended. Sales revenue will likely range from US$100 million to US$120 million, compared with the US$100 milli...

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