After A Good Partnership With Maersk, Karoon Extended The Contract With The Company For Drilling Two More Oil Wells In The Neon Field, Located In The Santos Basin, Aiming To Expand Fuel Production In Brazil
Located In The Santos Basin, Which Extends From Rio De Janeiro To Santa Catarina, The Neon Field Has A Large Reserve Of Oil And Is The Focus Of Several Ventures. Now, Following A Contract Extension Made Last Tuesday (10/05) With The Company Maersk, Karoon Will Drill Two New Oil Wells In The Region, Following Its Growth Plan In Exploring These Resources In The National Territory.
With The Help Of Maersk Equipment After Contract Extension, Karoon Will Drill Two New Oil Wells In The Santos Basin
The Australian Company Karoon Energy Is Looking Closely At The Oil And Gas Reserves In Brazilian Territory And Has Now Expanded Its Fuel Production Plan In The Country. The Company Announced The Extension Of Its Contract With Maersk, A Reference In Providing Equipment For Offshore Drilling And Oil And Gas Exploration Throughout The Global Fuel Market.
With The Extension Of The Contract With Maersk, Karoon Will Drill Two New Oil And Gas Wells In The Santos Basin Over The Next Few Months. In Addition, The Company Announced That The Activity Will Be Carried Out By The Semi-Submersible Rig Maersk Developer, Owned By Maersk Drilling. This Is A Piece Of Equipment That Ensures Much More Control And Efficiency In Drilling These Locations, Essential For Greater Safety In Operations And To Minimize The Environmental Impacts That Can Be Caused By Material Spills.
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The Contract Extension Between The Companies Also Ensured That The Deal Has A Firm Partnership Value Of Approximately US$ 21 Million For Drilling These Wells In The Santos Basin. The Maersk Rig Had Already Been Hired By Karoon Back In 2021 For Drilling Four Other Wells In Another Field Owned By The Company, The Baúna Field. Now, The Extension Of The Contract Focused On The Santos Basin Will Have A 80-Day Deadline And Will Be A Direct Continuation Of The Previous Scope Of Work Of The Rig.
Karoon Celebrates Partnership Extension And Says That Drilling New Wells In The Neon Field Will Be Essential For Exploring Reserves In The Santos Basin
Karoon Is Very Satisfied With Its Business With Maersk And The Head Of The International Division Of Maersk Drilling, Thomas Lysgaard Falk, Celebrated: “We Are Very Pleased To Confirm This Extension That Will Expand The Activities Of Maersk Developer In Brazil To Include Assistance To Karoon In Further Assessing The Neon Discovery. During Our Preparations For The Initial Scope Of Work For Baúna, The Development Team Established A Strong And Close Collaboration In Our Partnership With Karoon, And We Look Forward To Developing This In The Neon Campaign.”
Thus, Following The Announcement Made In April 2022 Of The Discovery Of New Oil Reserves In The Santos Basin, More Specifically In The Neon Field, Karoon Has Been Investing In Accelerating The Drilling Process Of The Exploration Wells. The Studies The Company Conducted In The Region Found A High Potential For Production And Commercialization Of The Resource, And That Is Why It Is So Committed To The Project.
Over The Next 80 Days, The Drilling Of Karoon’s Wells Will Begin With The Help Of Maersk, Bringing New Perspectives For The Company’s Growth In The Offshore Oil Production Sector Within National Territory.

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