EXPLORATION

Disappointing early results for Karoon's Marina-1

SOUTH America-focussed Karoon Energy has encountered non-commercial gas shows at its Marina-1 well offshore Peru, but will press on to drill the well's primary targets.

 Primary targets yet to be reached

Primary targets yet to be reached

The Marina prospect, in Block Z-38 in the Tumbes Basin has a gross prospective resource best estimate of 256 million barrels of oil, 102MMbbl net to Karoon.    Karoon is the operator (40%) while Tullow...

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