Australia’s Karoon Gas is moving closer to making a Final Investment Decision (FID) for its Echidna and Kangaroo oil discoveries located in the Santos Basin off Brazil, following the end of the exploration phase on five offshore blocks.
Karoon said on Wednesday it has submitted the Final Discovery Evaluation Report (RFAD) for its wholly owned Santos Blocks S-M-1037, S-M-IIOI, S-M-1102, S-M-1165 and S-M-1166 along with a Declaration of Commerciality (DOC) relating to the Echidna and Kangaroo light oil accumulations to the Brazilian oil and gas regulator, Agéncia Nacional do Petröleo, Gés Natural e Biocombustiveis (ANP).
Brazil Energy Insight 
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