Horizon's Kiwi farm-in

摘要

Australia's Horizon Oil has landed a 25% stake in the PEP 38494 permit in the southern Taranaki Basin offshore New Zealand after sealing a farmin deal with Todd Energy.Under the deal,Horizon will earn a 25% stake in the licence by funding 37.5% of the first well to be drilled in the permit,which will most likely be on the Matariki prospect.