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Australia’s Karoon Energy to buy stakes in US offshore assets

Tuesday, November 21 2023

Fossil Energy – Karoon Energy

Karoon Energy announced deals worth $720 million on Thursday to buy stakes in certain offshore oil and gas fields in the Gulf of Mexico from U.S.-based LLOG Exploration, in a move to diversify operations beyond Brazil and Australia.

The oil and gas explorer said it would raise around A$480 million ($312.43 million) to fund a 30% stake purchase in the Who Dat and Dome Patrol fields in offshore Louisiana and a near 16% stake buy in the Abilene field.

Related posts:

  1. Karoon concludes $720M acquisition of stakes in US O&G fields
  2. New 3-year contracts for 5 jack-up drilling rigs in Mexico
  3. Kosmos pursuing oil with Keathley Canyon Tiberius well
  4. GWT and Shell collaborate on offshore wind technology for Gulf of Mexico

Filed Under: Gulf of Mexico, International News, Karoon Energy Tagged With: gulf of mexico, Karoon Energy, Offshoreoilandgas

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