Oct 7 (Reuters) - Karoon Gas Australia Ltd KAR.AX :
* Karoon confirms negotiations with Petrobras
* Confirms it has been awarded right to negotiate a final agreement with petrobras
* Awarded right to negotiate agreement, conduct confirmatory due diligence for acquisition of interest in Baúna Project, Tartaruga Development Project
* Next stage of negotiation follows almost 12 months of a competitive bidding process Source text for Eikon: ID:nASX1dyMyr Further company coverage: KAR.AX