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Karoon Energy Cuts 2026 Production Guidance Over Snags in JV Output

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Australia-based Karoon Energy has reduced its calendar year 2026 production guidance after the operator of its Who Dat joint venture, LLOG Exploration, said it cannot resume production through the Who Dat E manifold in 2026 as planned, Karoon said on Tuesday.

LLOG advised that it is working on a remediation plan to restore deferred production, including the removal in Q3 of a broken riser. Depending on the outcome of laboratory analyses, E manifold production should resume from H2 2027, it said.

Karoon has revised its overall production guidance down to between 7.2 million and 8.2 million barrels of oil equivalent, down from 8.1 to 9.2 million barrels. For the Who Dat project, guidance is now for 1.2 to 1.5 million boe, down from 2.1 to 2.5 million boe.

Current production from Who Dat is 3,000 barrels of oil equivalent per day, with output from the A-1 ST well on track to start in the coming weeks with G-1 ST well operations to follow in Q4 pending approvals.

Production guidance for projects in Brazil is unchanged, Karoon said.

The company said that mechanical issues and weather delays had affected the SPS-92 and PRA-2 intervention programs at Bauna, but that work was proceeding and both wells would come online in the next few weeks, as previously stated.

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