Karoon comes up dry in Peruvian offshore well

Australia’s Karoon Gas has failed to find oil in the Marina‐1 exploration well, located in Block Z‐38 Tumbes Basin offshore Peru.

The well is being drilled using the Stena Forth drillship, which arrived to Peru in early Janaury. It was spud in late January.

By February 17, the Marina well reached a depth of 1654m MD. Initial results from the shallower sections of the well were disappointing. Karoon continued drilling to reach the deeper primary targets.

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