Karoon Energy completed the acquisition of interests in the US Gulf of Mexico from LLOG Exploration Offshore and LLOG Omega.
The acquired interests include a 30% working interest in the Who Dat and Dome Patrol oil and gas fields and associated infrastructure, a 16% active interest in the Abilene field, and varying interests in adjacent exploration acreage.
Karoon paid $684 million to LLOG for the interests.
The payment was funded through a new debt facility, equity issue funds, and existing cash reserves.