Karoon hunts for JV opportunities in Brazil

July 30, 2017

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ASX-listed Karoon Gas has struck a deal with German oil and gas company DEA Deutsche Erdoel AG to hunt for oil and gas assets offshore Brazil.

“This agreement is significant in the context of realising Karoon’s strategic ambitions to acquire meaningful oil production in Brazil. Having such a high quality, well capitalized partner in our corner will significantly assis the company to achieve this goal,” said Karoon MD Robert Hosking.

Category: General