Posted by After announcing the conclusion of the drilling and completion for both Patola development wells, Karoon now aims to drill up to two control wells on the Neon oil discovery to better evaluate resource estimates. Semi-sub Noble Developer arrived on site last week and according to a company’s activities report, Neon-1 drilling began on January 23rd.
Karoon recently also announced an increase in Baúna reserves, considering the recent intervention campaign as well as better than expected reservoir properties found on Patola. Proved (1P), Proved and Probable (2P) and Proved, Probable and Possible (3P) reserves stand respectively at 42.8 MMbbl, 55.0 MMbbl and 65.5 MMbbl.