KAR 1.61% $1.74 karoon energy ltd

Intervention started last week on PRA-2 well to replace the ESP....

  1. Ya
    6,809 Posts.
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    Intervention started last week on PRA-2 well to replace the ESP. This well went offline from 22nd May.

    Production from the other 4 wells continues at 10620 bopd. Plan is to switch off production from the relevant Well that needed intervention, rather then shutdown the entire Field.

    FPSO Oil Inventory is about 343542 barrels since the last offtake, ie from 27th April till 23rd May. With Brent staying above USD 100/bbl, the next Tanker Arrival for June offtake should b in the next 8-10 days time by my estimate & then deliver it fast to receive the proceeds by June end.

    Deferred payment is due soon to PBR for USD 43-44 mil.
 
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