Karoon Energy Reports Patola Development Update

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After concluding the drilling of the second production well on Patola, the company reported a reservoir quality better than expected on the area. The next steps include installing pipelines connecting the wells to nearby Cidade de Itajaí FPSO following their completion.

Palota is scheduled to start producing in Q1 2023 and should reach a peak production of over 10,000 bopd. As for the semi-sub Maerks Developer, Karoon plans to drill at least one extension well on Neon, a light oil discovery with 2C contingent resources of 55 MMbbl.

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