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Karoon Energy Restores Production at Brazil Well

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Karoon Energy (ASX:KAR) restored production at the PRA-2 well at its Baúna project in Brazil after reconnecting the umbilical and re-establishing connectivity with the submersible pump, according to a Monday filing with the Australian bourse.

The well came back online on July 6 and is currently producing between 1,000 and 1,200 barrels of oil per day, bringing total Baúna project production to about 22,000 barrels per day.

All production wells at the Baúna project are now in service, Karoon Energy said.

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