Karoon in Santos Basin farmout talks ahead of Neon FID. FDP in Q3 2019

Australian oil and gas company Karoon has yet to find a farm-in partner for its Neon oil field offshore Brazil and is in talks with potential FPSO suppliers. The company might drill another well to de-risk the development further.

Karoon last year transitioned the Santos basin blocks containing two oil fields from the exploration phase to the next development and production phase.

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