Karoon, Tullow to spud first well in Z-38 block off Peru in 2020

Australian oil and gas explorer Karoon has lifted force majeure from its Block Z-38 offshore Peru, and is looking to drilling the first well at the block in early 2020.

Karoon on Friday said the company had been positively impacted by recent changes to the hydrocarbon law in Peru, which has resulted in force majeure being lifted from Block Z-38.

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