Karoon Energy Ltd
Company Profile
Business description
Karoon produces around 8 million barrels of oil equivalent annually from its wholly owned Baúna field in Brazil’s offshore Santos Basin and around 3.5 mmboe from 30% owned Who Dat in the US Gulf. The company acquired Baúna from Petrobras in 2020 and steadily increased production via well interventions and new developments. Field life is approaching five years based on proven and probable reserves of 35 million barrels at the end of December 2024, though this excludes a further 98 million barrels in 2C contingent resources that have the potential to increase life further. We credit a life of more than 10 years, assuming conversion of some 2C contingent resources into the reserve category with drilling. There are also prospective untested targets within Karoon’s permits.
Contact
6 Riverside Quay
Level 3, Suite 3.02
Southbank
MelbourneVIC3006
AUST: +61 396167500
Sector
Energy
Stock type
Sensitive
Industry
Oil & Gas E&P
Fiscal Year End
31 December 2025
Employees
109
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