KAR News: UPDATE 2-Australia's Karoon Energy to buy stakes in US offshore assets for $720 mln - 16th Nov 2023, 10:30am

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(Recasts first paragraph, adds details on Karoon's September-quarter production and equity raising)

Nov 16 (Reuters) - Karoon Energy announced deals worth $720 million on Thursday to buy stakes in certain offshore oil and gas fields in the Gulf of Mexico from U.S.-based LLOG Exploration, in a move to diversify operations beyond Brazil and Australia.

The oil and gas explorer said it would raise around A$480 million ($312.43 million) to fund a 30% stake purchase in the Who Dat and Dome Patrol fi...

>>> Read more: UPDATE 2-Australia's Karoon Energy to buy stakes in US offshore assets for $720 mln
 
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