EXPLORATION

Horizon still hungry for Thai

HORIZON Oil has expanded its Thailand acreage, with the news it has farmed-in to a further three ...

Horizon still hungry for Thai

Under the deal, Horizon will acquire a 20% in Gulf of Thailand blocks G1/48, G3/48 and G6/48 in return for paying 40% of the seismic and drilling costs for the Pearl-operated initial three-year work program.

Already, Horizon and Pearl Energy are partners in the G10/48 and G11/48 blocks, located elsewhere in the Gulf of Thailand.

Horizon described it as a "valuable" relationship, which was an important consideration for the new transaction.

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