SOUTH AMERICA

Karoon loses Brazilian fields

KAROON Gas Australia has lost in the game of snakes and ladders that is Petrobras’ divestment process, with legal action forcing the Brazilian state oiler to start the sales process for the Bauna and Tartaruga Verde oil projects, sending Karoon back to square one.

Karoon loses Brazilian fields

Karoon announced in October that it had secured the right to negotiate a final agreement for the assets after a year of negotiation, but the issue was put on the backburner after the Brazilian offshore...

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