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SOUTH AMERICA

Karoon seals crucial Brazil deal

KAROON Gas has found a backer for its Santos Basin assets offshore Brazil, farming out 35% in a d...

Andy Graham

Canada-based Pacific Rubiales will pay Karoon $40 million upfront and has agreed to fund up to $210 million in exploration costs. In return Pacific Rubiales will get 35% of Karoon's wholly owned Santos...

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