Karoon Energy Ltd
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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 […]