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Karoon Seizes Control of Baúna FPSO, Paving Way for Operational Gains

3:39am on Monday 2nd of June, 2025 AEST Energy
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Karoon Seizes Control of Baúna FPSO, Paving Way for Operational Gains

3:39am on Monday 2nd of June, 2025 AEST
Key Points
  • Acquisition of Baúna FPSO Cidade de Itajaí completed for US$115 million plus costs
  • Karoon gains direct strategic control over offshore production facility
  • Transition Services Agreement ensures smooth operational handover
  • Tender underway for new service providers to support future operations
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