OIL & GAS
ASX-listed Karoon Gas has struck a deal with German oil and gas company DEA Deutsche Erdoel to hunt for oil and gas assets offshore Brazil.
“This agreement is significant in the context of realising Karoon’s strategic ambitions to acquire meaningful oil production in Brazil. Having such a high-quality, well-capitalised partner in our corner will significantly assist the company to achieve this goal,” said Karoon MD Robert Hosking.
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