Pacific makes overdue payment to Karoon

Pacific pays overdue payment to KaroonKaroon Gas Australia on Tuesday said it had issued a default notice to Pacific Exploration and Production Corp., its joint venture partner in Brazil, in respect of an overdue payment.  

A day later, on Wednesday, Karoon said the issue has been resolved, as Pacific made the overdue payment.

Karoon has 65% interest in five Santos Basin blocks, S‐M‐1037, 1101, 1102, 1165 & 1166, and Pacific holds the remaining 35%.

The two companies are reviewing the planned appraisal drilling campaign at Echidna light oil discovery scheduled for the September quarter 2016.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Offshore Energy Exhibition and Conference (OEEC) 2020

Offshore Energy addresses the technical, operational and commercial challenges associated with future sector growth.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply