EXPLORATION

Karoon to give up exploration permit in Browse Basin

Two dry wells, not willing to attempt a third

Karoon to give up exploration permit in Browse Basin

  Karoon originally held high hopes for the permit, which it has a 100% interest in after buying out ConocoPhillips' 50% stake. In 2009 Karoon drilled the Kontiki-1 exploration well and failed to...

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