EXPLORATION

Karoon ups numbers for South America assets

A NEW report has estimated Karoon Gas's assets in Brazil's Santos Basin and Peru's Tumbes and Maranon basins have a net prospective resource of 577 million barrels of oil equivalent.

The report by international consulting company DeGolyer and MacNaughton represents a 7MMbbl increase to the December 2009 estimate of 570MMbboe. Karoon said the new report included the results of newly...

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