Blocks S-M-1037, S-M-1101, S-M-1102, S-M-1165, S-M-1166 and S-M-1537
Karoon entered Brazil during 2008 through Bid Round 9 acquiring 5 off-shore blocks in the Santos Basin located approximately 200 kilometers off the coast in the State of Sáo Paulo, Brazil.
During 2008 Karoon acquired a 20% equity interest in Block Z-38 in the Tumbes Basin offshore Peru. This was subsequently increased to 75% before a successful farm-out of 35% to Tullow Peru Limited in January 2018, leaving Karoon with a 40% interest.
The Carnarvon Basin is one of Australia’s largest and most prolific oil and gas regions. The basin is host to multiple world scale LNG projects, a number of oil projects and is also a region being actively explored by major international oil companies.
Karoon was awarded exploration permit EPP46 during October 2016. The permit covers 17,793 square kilometres of Australia's most active and prospective frontier oil exploration province, the Ceduna Sub-Basin, in the Great Australian Bight ('GAB'), offshore South Australia