Karoon Energy to acquire 30% interest in Who Dat and Dome Patrol fields for $720mn

SYDNEY, AUSTRALIA: Karoon Energy Limited has entered into binding arrangements to acquire a 30% interest in the Who Dat and Dome Patrol fields and associated infrastructure, including the Who Dat Floating Production System (FPS), plus a 16% interest in the Abilene field, from LLOG Exploration Offshore, L.L.C. and LLOG Omega Holdings, L.L.C. (collectively, LLOG). In…

Karoon Energy contracts Stena Forthto drill Marina-1 in Peru

MELBOURNE: Karoon Energy Ltd has executed binding agreements with Stena Drilling Ltd and Tullow Oil Limited to contract the “Stena Forth” Dynamically Positioned Drillship. The “Stena Forth” has been contracted to drill one well, being the Marina-1 exploration well, in Karoon’s 40% owned and operated Block Z-38 in the Tumbes Basin in Peru with drilling…