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Karoon unlocks a leaner path for Neon offshore Brazil
9:01am on Monday 9th of November, 2026 AEDT
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Oil and Gas
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Karoon unlocks a leaner path for Neon offshore Brazil
9:01am on Monday 9th of November, 2026 AEDT
Key Points
Neon Phase 1 moves into FEED with US$800-950 million capital estimate
Targeting approximately 60 MMbbl recovery and 25,000-30,000 bopd peak production
Preliminary post-tax, unlevered IRR in the mid-20% range
TechnipFMC subsea MOU and Piranema Spirit FPSO exclusivity agreed
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