Australia, Carnarvon Basin, Company news, News, Online Subscription, Projects, Western Australia
Karoon stays optimistic despite salary cuts
Karoon Energy does not believe the impact of COVID-19 represents a permanent long-term destruction in oil demand, with the company expecting a rebound as economic activity returns. In its March quarter update, Karoon (50 per cent) reported that work had continued at its joint venture operation at WA-482-P in the Northern Carnarvon Basin, Western Australia. …