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Karoon Petróleo e Gás wants to complete the acquisition of the offshore field of Baúna from Petrobras until the last half of October and the deal will immediately yield US$ 150 million to the state-owned company
The company, which in July 2019 agreed to purchase a 100% stake at Petrobras' Baúna offshore oil field, in the south of the Santos Basin, said this Monday (05) that progress is being made with the country's oil and gas regulatory body and expects the FPSO assignment to be executed after the approval of the ANP.
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The oil and gas field is located in the BM-S-40 offshore concession in the Santos Basin, 50-60 km from the Neon and Goiá discoveries and 50 km from the exploration area chlorite from Karoon.
Baúna includes 6 oil producing wells, 3 water injection wells and 1 gas injection well exploring 2 oil reservoirs (Baúna and Piracaba). All wells are subsea completions with tie-ins back to FPSO Cidade de Itajaí (FPSO).
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“Significant progress has been made towards obtaining ANP approval and Karoon is addressing the proposed form of ANP approval and outstanding minor administrative matters relating to the finalization of the parent company guarantee provided by Karoon in favor of the ANP,” Karoon said.
“The FPSO charter assignment [with TeekayOcyan] has also progressed and Karoon expects the documentation associated with this assignment to be finalized and ready for execution upon receipt of ANP approval,” added the oil and gas multinational.
Karoon said it now aims to complete the transaction "in the last half of October 2020".
Production from the oil and gas field in July 2020 was approximately 16 Mbopd with a production growth target of 25-30 Mbopd, total 2P reserves of 46,8 MMbbls(2) and 2C contingent resources of around 20 MMbbls , showed a Karoon filing in July. In July, the FPSO was using around 46% of its processing capacity.
