Carbon Capture, Utilisation & Sequestration (”CCUS”)

Horizon is actively evaluating the potential for CCUS to complement exploration and subsequent development activity on the Licences. There are opportunities for both enhanced recovery and sequestration. The central location of the Licences within the North Sea also offers the potential to store CO² from third parties.

Offshore Wind Farms

Horizon maintain regular meetings with the Dogger Bank Wind Farm ( www.doggerbank.com ) and Sofia Offshore Wind Farm ( www.sofiawindfarm.com ) operating companies to facilitate cooperation with planned offshore activity and the potential for mutually beneficial operations. There is considerable scope for operational efficiencies that could arise from an oil and gas discovery with power generation sharing given the location of the wind farms on and adjacent to the Horizon licences.