Karoon teams up with Brazilian giant

KAROON Gas has signed a farm-in agreement with Petrobras for an interest in two offshore Santos Basin blocks in Brazil where three prospects with more than 100 million barrels of recoverable oil potential have been identified.

Karoon teams up with Brazilian giant Karoon teams up with Brazilian giant Karoon teams up with Brazilian giant Karoon teams up with Brazilian giant Karoon teams up with Brazilian giant

Under the farm-in agreement, which is subject to regulatory approvals, Karoon will earn a 20% interest in blocks BM-S-41/S-M 1352 (Maruja prospect) and BM-S41/S-M 1354 (Quasi Prospect) by funding 35%

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