Karoon Gas Australia makes second oil discovery offshore Brazil

www.platts.com, 08 May 2013 15:05

Karoon Gas Australia has made a second oil discovery at the last of three wells it has drilled in the Santos Basin off Brazil, the company said in a statement Monday. The latest find was made at the Bilby-1 well in block S-M-1166, and boosts confidence in the other prospects in Karoon Gas' Brazilian exploration blocks, the company said. Karoon discovered oil in January at the Kangaroo-1 well, where appraisal drilling is planned later this year.

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