MELBOURNE-based Karoon Energy has lodged a request with the National Offshore Petroleum Titles Authority (NOPTA) to surrender its permit WA-314-P in the Browse Basin, offshore Western Australia.
Karoon originally held high hopes for the permit, which it has a 100% interest in after buying out ConocoPhillips' 50% stake. In 2009 Karoon drilled the Kontiki-1 exploration well and failed to...
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