Karoon Energy Resumes Production at Brazil Project After Planned Maintenance Shutdown

MT Newswires Live

May 18

Karoon Energy (ASX:KAR) said its Baúna project in Brazil resumed production on May 13, following a 28-day facilities shutdown for planned maintenance in conjunction with the flotel-supported maintenance

and revitalization campaign, according to a Monday Australian bourse filing.

The maintenance work included the replacement of several sections of piping, including the production header system, upgrading critical systems, and replacing parts of structural elements and fittings.

The project is currently producing at a rate of around 11,500 barrels of oil per day, before the resumption of natural decline. An additional 9,000 barrels of oil per day to 10,000 barrels of oil per day is expected to be brought back online around mid-year, subject to the successful replacement of an electric submersible pump in SPS-92, as well as the recovery and reconnection of the PRA-2 umbilical.

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