Karoon Energy (ASX:KAR) completes $684M acquisition of assets in US Gulf of Mexico

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.