MARKETS

Karoon in M&A hunt 

AFTER a strong quarter of production, benefiting from higher oil prices, Karoon Energy is ready to progress beyond its existing holdings at the active Bauna field and undeveloped Echidna field offshore Brazil to acquisitions. 

Karoon in M&A hunt 

Production from the Bauna field was 1.28 million barrels of oil for the September quarter, its highest since it took over the former Petrobras field in November. Sales were lower at 1MMbbl thanks to the...

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