MARKETS

Karoon production above guidance

KAROON Energy shipped two cargoes from its Bauna oil field offshore Brazil in the June quarter generating revenue of US$105.4 million with a realised oil price of $107.43 per barrel, representing a discount on the price of Brent in the period thanks to uplift costs.

Karoon production above guidance

Most quarters it will ship two cargoes, but occasionally three based on timings. It reported third quarter revenue of $94 million. Sales volumes in both quarters were 99 million barrels of oil. ...

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