Karoon Energy (ASX:KAR) Launches Bauna Intervention Campaign – The Market Herald

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  • Karoon Energy (KAR) launches its intervention campaign in Baúna
  • Commencement follows receipt of all necessary permits and regulatory approvals for the Maersk Developer drilling rig to begin operations
  • Intervention campaign aims to add 5,000 to 10,000 barrels of oil per day (bopd) to Baúna production
  • The campaign is expected to last four to five months
  • Karoon Energy shares are up 2.7%, trading at $1.90 each

Karoon Energy (KAR) has begun its intervention campaign in Baúna, following the receipt of all necessary permits and regulatory approvals for the Maersk Developer drilling rig to begin operations.

The intervention campaign aims to add 5,000 to 10,000 barrels of oil per day (bopd) to Baúna’s production.

The campaign also includes the installation of new submersible electric pumps in the PRA-2 and SPS-92 wells, the installation of gas-lift equipment in SPS-56 and the reopening of the lower zone of the BAN-1 well.

The Maersk Developer platform is then to drill two development wells on the Patola field and, subject to obtaining the required regulatory licenses, one or potentially two control wells on the Neon oil discovery.

“The launch of the Baúna Response Program represents the culmination of over 18 months of detailed planning and hard work by Karoon teams and our contractor partners in Australia and Brazil,” said the CEO. and CEO, Dr. Julian Fowles.

“Our main goal is to deliver this campaign safely, efficiently and on time, in
close collaboration with the operator of the drilling platform, Maersk Drilling.

After loading supplies and equipment for the program, the rig departed Rio de Janeiro on May 8 and arrived at the PRA-2 well site under license BM-S-40, south of the Santos Basin, on May 11.

The rig moored, using pre-installed mooring buoys, and Baúna’s first intervention in the four-well campaign began on May 15.

The campaign is expected to last four to five months.

Shares of Karoon Energy rose 2.7%, trading at $1.90 as of 12:10 a.m. AEST.


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