Karoon gets green light for Brazilian development, renames fields

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Australia-based Karoon Gas has entered the development and production phase for the Echidna and Kangaroo light oil fields located off Brazil, following the receipt of approval from the country’s regulator for the fields’ Declaration of Commerciality.

In relation to the Kangaroo and Echidna discoveries, located in Santos Basin, Karoon has received ANP approval of the Final Discovery Evaluation Report (RFAD) for wholly owned Santos Blocks S-M-1037, S-M-1101, S-M-1102, S-M-1165 and S-M-1166 along with a Declaration of Commerciality (DoC).

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