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Karoon Presented the Best Bid for Bauna Field

Source: www.gulfoilandgas.com 7/15/2019, Location: South America

Karoon Energy Ltd (KAR) make the following statement in relation to the news published by Upstream on the 12 July 2019. Karoon confirms it has been notified that it has presented the high bid in the process to acquire a 100% operating interest in Santos Basin off-shore Brazil concession BM-S- 40, which contains the producing Bauna light oil project.

The transaction remains subject to approval by Petrobras' Board and governance bodies.

This bid is in line with Karoon’s stated strategy to create value for shareholders by acquiring a high quality, transformational production asset.

For more information about related Opportunities and Key Players visit Brazil Oil and Gas Projects

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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