Karoon Power has restarted the Baúna BM-S-40 license after a scheduled three-week annual upkeep shutdown.
Karoon expects Bauna manufacturing for the quarter to be between 1.3 million and 1.4 million barrels of oil. The Baúna challenge each day manufacturing peaked at over 31,000 barrels of oil per day (bopd) on June 13. It’s projected to stabilize at roughly 25,000 bopd, previous to its pure decline, the corporate mentioned in a information launch containing operational updates.
In keeping with the discharge, 99 % of the deliberate work and different further scope was accomplished throughout the upkeep shutdown. Karoon is constant to execute a heightened upkeep program on the floating manufacturing storage and offloading (FPSO) unit within the asset, and reliability is predicted to enhance for the rest of 2024.
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Additional, Karoon’s SPS-88 effectively is at the moment on monitor to return to manufacturing in 3Q24, topic to regulatory approvals and finalizing contracts, it mentioned. 2024 Baúna challenge manufacturing steerage stays unchanged at 7.5 million to 9.0 million barrels of oil, as Karoon nonetheless expects the SPS-88 effectively to be on-line within the third quarter.
The corporate is monitoring potential industrial motion by employees on the Brazilian Institute of Atmosphere and Renewable Pure Sources (IBAMA), Brazil’s environmental regulator, as this will influence regulatory approvals.
The entire price for the SPS-88 intervention stays unchanged at $20 million to $30 million and the sector operation is predicted to take three weeks, in response to the discharge.
Karoon’s replace additionally included the gross manufacturing of The Who Dat East property, that are at the moment averaging over 40,000 barrels of oil equal (boe) per day. The anticipated manufacturing for the quarter is roughly 0.8 million boe.
At the moment, potential manufacturing optimization alternatives are being recognized by the Who Dat Joint Enterprise. The three way partnership can be contemplating effectively intervention and sidetrack alternatives within the second half of the yr, the discharge said.
Who Dat East is estimated to comprise 5.4 million barrels of oil equal (MMboe) of 2C contingent assets web to Karoon on a web income curiosity (NRI) 1 foundation and 10.7 MMboe of unrisked 2U potential assets web to Karoon on a NRI foundation.
The Who Dat East three way partnership individuals on a working curiosity foundation are operator LLOG Exploration Firm, L.L.C. with a 40 % stake, Karoon with 40 %, and Westlawn with 20 %.
“Our technical groups have made good progress in guaranteeing we stabilize and enhance manufacturing at each Baúna and Who Dat. The deliberate Baúna shutdown was accomplished inside the schedule however sadly included a Misplaced Time Harm (LTI). That is the primary recordable damage at Baúna in over 18 months. Along with our contractors we have now taken steps to enhance the concentrate on security, as we imagine all accidents might be prevented,” Karoon CEO and Managing Director Julian Fowles mentioned.
“Within the Gulf of Mexico we proceed to work carefully with our Joint Enterprise Companions to optimize manufacturing and to determine and doubtlessly speed up alternatives to maximise the worth of the asset. The outcomes of the Who Dat East Effectively are encouraging and have given us extra knowledge to guage the commerciality of a possible Who Dat East tieback growth,” Fowles added.
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