en.Wedoany.com Reported - Karoon Energy has resumed production from the PRA-2 well at the Baúna field in Brazil. Production was previously interrupted after the umbilical cable unexpectedly disconnected from the FPSO. The company reestablished the umbilical connection and restored power to the electric submersible pump (ESP) through intervention operations. With the PRA-2 well back online, total production at the Baúna field has reached approximately 22,000 barrels per day, including a contribution of around 8,600 barrels per day from the SPS-92 well, which had also resumed production following a prior intervention.

Karoon Energy stated that all production wells at the Baúna field are now operational. The company assesses that this progress marks a new step toward increasing production, reducing capital expenditure, and strengthening cash generation in the second half of 2026, provided oil prices and operational performance remain within expected ranges.

In October 2025, the company reported that the umbilical cable of the PRA-2 well had unexpectedly disconnected from the FPSO, causing a production outage. The well resumed production on July 6, 2026, and is currently in a stable phase, with daily output ranging between 1,000 and 1,200 barrels of oil.

Karoon Energy CEO and President Carri Lockhart stated that the company committed to restoring production and enhancing the performance and reliability of the Baúna asset in the first half of 2026, and has safely and on schedule achieved these goals. With the completion of major investment projects at the field, the company enters a new phase focused on optimizing operational performance and maximizing returns on invested capital.

Lockhart also noted that since the FPSO revitalization campaign, the unit's operational efficiency has been operating within the upper range of the company's target, between 90% and 95%. She stated that the company enters the second half of 2026 with a competitive cost structure, a low operating breakeven price, and a production profile that enables high cash margins, further strengthening the company's balance sheet and supporting disciplined capital allocation and long-term shareholder value creation.