SOUTH AMERICA

Oil price to save Echidna

Karoon's Echidna field in Brazil will be saved by high oil price but still needs farm-in: Macquarie.

Macquarie says Karoon should do well in Brazil with rising oil prices.

Karoon was awarded the 171.1sq.km Block SM-1537 by the National Agency of Petroleum (ANP), part of the latest round of bidding in Brazil that saw 32 companies competing for assets on the country's southern...

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