MARKETS

Revenue rise q-on-q of 64% for Karoon

KAROON Energy’s oil sales were higher than expected in the December quarter thanks to the timing of shipments from its Bauna oil field in Brazil’s offshore Santos Basin. 

The Bauna field

The Bauna field

    Production was 1.23 million barrels at a rate of 13.360 barrels of oil per day and sales were 1.53MMbbl with three cargoes lifted in the quarter over two the three months prior.    Production...

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