Karoon Energy Ltd
Karoon Energy Ltd. is an Australia-based international oil and gas exploration and production company with assets in Brazil, the United States and Australia. The Company has two key producing assets: the Bauna Project in the Santos Basin…
The business
Karoon Energy Ltd. is an Australia-based international oil and gas exploration and production company with assets in Brazil, the United States and Australia. The Company has two key producing assets: the Bauna Project in the Santos Basin, Brazil and the Who Dat assets in the Gulf of Mexico, United States. Its 100% owned and operated Bauna Project (which comprises the Bauna, Piracaba and Patola oil fields) is located in the BM-S-40 production license in the southern Santos Basin, offshore Brazil. It also holds a 100% interest in the Neon oil field, located approximately 75 kilometers (km) northeast of Bauna. It also holds a 100% interest in the Goia field, located approximately 18 km southwest of Neon. It also has 100% interests in six blocks (S-M-974, S-M-1038, S-M-1484, S-M-1605, S-M-1358, S-M-1603) in the Santos Basin, offshore Brazil. The Who Dat producing assets comprise the Who Dat, Dome Patrol and Abilene oil and gas fields and associated infrastructure.
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Latest news
Karoon Energy Completes Baúna Overhaul and Strengthens Cash Flow Outlook
Karoon Energy completes Baúna overhaul, lifting 2H26 cash flow outlook as production hits ~22,000 bopd and FPSO uptime reaches 97%.
Weekly Wrap: Geopolitical Relief and Rate Hopes Spark Late Week Rebound for the ASX
ASX rebounds late week: easing rate fears and Persian Gulf peace hopes power a 0.41% Friday rise, after a 7-week low.
Karoon Energy secures Bauna oil field from Petrobras for US$665m
Oil and gas explorer Karoon Energy (ASX: KAR) has entered a “transformational” binding agreement to purchase the Bauna oil field in Brazil’s Santos Basin from Pertobras for US$665 million (A$954 million). The offshore asset currently produces 20 million barrels of oil per day with this expected to expand to 33MMbopd during 2022. Karoon expects Bauna […]
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