Karoon Energy has off-loaded its first cargo amounting to over 500,000 barrels of oil, safely and on time, from its newly acquired Baúna manufacturing subject, offshore Brazil. Pictures of the offload are set out under. The cargo comprised oil produced by the FPSO Cidade de Itajaí, which is operated by the three way partnership Altera&Ocyan (a 50/50 partnership between Ocyan and Altera Infrastructure), within the interval since Karoon closed its acquisition of a 100% curiosity within the Baúna subject on 6 November 2020. The cargo has been loaded onto the Lambada Spirit shuttle tanker for switch to a Very Large Crude Carrier and supreme supply to the Asian market. The current rally in world oil costs will probably be mirrored within the phrases of the cargo’s sale and is anticipated to offer a optimistic increase to Karoon’s forecast income. Karoon’s CEO and Managing Director, Julian Fowles mentioned that the primary cargo was a extremely vital milestone for the corporate. “The offloading of this oil cargo marks an enormously vital step in Karoon’s transformation into a big oil producer. It is a outstanding achievement for Karoon and all of these concerned within the supply of this venture needs to be very proud.”
Baúna is positioned in concession BM-S-40, within the southern Santos Basin and includes the Baúna and Piracaba gentle oil fields and the undeveloped Patola oil discovery. It is positioned roughly 50 kilometres from Karoon’s Neon and Goiá discoveries to the east and Clorita exploration block to the south. Production from Baúna contains 6 oil manufacturing wells, three water injection wells and 1 gasoline injection nicely from two separate reservoirs, Baúna and Piracaba.
Karoon Energy Ltd. is a global oil and gasoline exploration firm with initiatives in Australia, Brazil and Peru and is an ASX listed firm. Karoon goals to be an agile and sustainable world vitality firm delivering earnings via a highquality portfolio of manufacturing, growth and exploration belongings. The firm appears to offer vitality to an ever-changing world, creating worth for our shareholders and the broader group. Karoon’s strategic imaginative and prescient is to rework into a world E&P firm with materials manufacturing to underpin development via a extremely potential exploration portfolio and entrepreneurial spirit.
(Source and picture: Karoon Energy – Tanker Lambada Spirit loading crude at Baúna subject)

The put up KAROON SHIPS FIRST OIL AS OPERATOR FROM BAUNA IN SOUTHERN SANTOS BASIN appeared first on Energy Global News.

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