Karoon spuds Marina-1

AFTER abandoning its Australian assets late last year, South American-focussed Karoon Energy has spud its highly-anticipated Marina-1 exploration well in BlockZ-38, offshore Peru.

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The well marks the start of a month-long drilling campaign in the Tumbes Basin, some 10km off the coast of northern Peru in water depths ranging from 300 metres to 3000m.