ASX:KAROil and Gas
Karoon Energy (ASX:KAR) Is Up 19.3% After Baúna FPSO Overhaul Boosts Uptime And Output
Karoon Energy has completed a major overhaul and operatorship transition of the Baúna FPSO in Brazil, lifting uptime to 97% and restoring production to around 22,000 barrels of oil per day, with June-quarter output of 1.08 million barrels of oil equivalent and sales revenue of US$116.4 million at an average realised oil price of US$94.56 per barrel.
By finishing this large maintenance and revitalisation program, Karoon has laid a stronger operational foundation that it expects will support...

