Field_Development

Karoon to raise Bauna funds

Some of the money raised will also be used to fund an exploration well off Peru in 2020

Cashing up: Karoon plans to raise about A$284 million to help fund its acquistion of the Bauna oilfield off Brazil — Cashing up: Karoon plans to raise about A$284 million to help fund its acquistion of the Bauna oilfield off BrazilPhoto: AFP/SCANPIX/

Josh Lewis

Financial South America Brazil Petrobras Robert Hosking

Published 22 October 2019, 23:49Updated 22 October 2019, 23:49