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How Will Karoon Overcome Baúna Setbacks While Expanding Brazil Deepwater Acreage?
9:26am on Thursday 23rd of October, 2025 AEDT
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Energy
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How Will Karoon Overcome Baúna Setbacks While Expanding Brazil Deepwater Acreage?
9:26am on Thursday 23rd of October, 2025 AEDT
Key Points
12% production decline in Q3 2025 due to Baúna well issues and Who Dat shutdown
3% increase in sales revenue despite lower volumes, aided by higher oil prices
Karoon to assume Baúna FPSO operatorship by mid-2026
Farm-down process initiated for Neon project with potential 30-50% stake sale
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