Fossil Energy – Acquisition
Australia’s Karoon Energy has completed the acquisition of interests from LLOG Exploration Offshore and LLOG Omega Holdings for the U.S. Gulf of Mexico oil and gas fields.
![](https://ocean-energyresources.com/wp-content/uploads/2024/01/karoon.jpeg)
The acquisition includes a 30% working interest in the Who Dat and Dome Patrol oil and gas fields and associated infrastructure, an approximately 16% working interest in the Abilene field and varying interests in adjacent exploration acreage.
The effective date of the transaction is October 1, 2023.
On completion, Karoon paid $684 million to LLOG Exploration Offshore and LLOG Omega Holdings, as the deposit of $36 million was already paid.