Offshore Activity

Karoon eyes Campos, Santos, Espirito Santo basins in Brazil auction

Karoon Gas Australia Ltd is eyeing prospects in Brazil’s Campos, Santos and Espirito Santo basins in this month’s auction of oil and gas exploration rights, a company executive told Reuters.

Tim Hosking, Karoon’s general manager for South America, said in an interview on Tuesday that the company has not made final bidding decisions yet, but is in the final stages of getting internal approval ahead of the Sept. 27 auction.

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Categories: Offshore Activity

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