Australia-listed oil producer Karoon Energy has restarted its Bauna project offshore Brazil, the firm said today.
Output resumed late on 22 December local time, Karoon said. This followed the repair of one of two mooring chains tethering its floating production, storage and offloading (FPSO) vessel, which failed on 11 December, leading the company to cut its 2024 guidance to 27,600-28,100 b/d of oil equivalent (boe/d), down from an earlier 28,700-29,500 boe/d.
The second mooring chain is expected to be repaired by mid-January, Karoon said. An investigation into the failure will be jointly undertaken with FPSO owner and operator Ocyan, and its joint-venture partner Altera Infrastructure.
Bauna production was about 24,500 b/d before the shutdown, with Karoon expecting to reach this level again in the coming days.
