Karoon Energy (ASX:KAR) resumes Ba?na Project production after maintenance

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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.