Karoon Energy has resumed production at its Baúna Project after a scheduled three-week maintenance shutdown.
Peak production reached over 31,000 barrels of oil per day, stabilising around 25,000 barrels per day.
Baúna's second quarter production is forecasted at 1.3-1.4 million barrels. Progress on the SPS-88 well intervention is on track, pending approvals.
Karoon maintains its 2024 production guidance of 7.5-9.0 million barrels.