Karoon has advised that the PAT-1 well, the second of two new production wells drilled into the Patola field in the BM-S-40 production license in Brazil (Karoon – 100%), was safely brought onstream on 27 March 2023 at an initial rate of more than 12,000 barrels of oil per day (bopd). Together with production from the PAT-2 well, which commenced production on 15 March, the current total production rate from the BM-S-40 license is now more than 40,000 bopd. Production rates are expected to decline over the coming weeks.
Karoon Chief Executive Officer and Managing Director, Dr Julian Fowles, said:
'The flow rates being seen from both PAT-1 and PAT-2 are materially above original expectations. Overall well flow rates are gradually stabilising on the FPSO, with total throughput now approaching the FPSO’s nameplate processing capacity of 80,000 barrels of fluid per day, maximising the efficiency of our operations. After an initial period of Patola flush production, we anticipate that total rates from BM-S-40 will decline to approximately 33,000 to 35,000 bopd over the next few weeks, prior to entering a more normal natural decline phase.
All the vessels, equipment and operating teams that have been utilised for the Patola project will now be demobilised. I would like to thank all our staff, contractors and service providers for helping Karoon deliver its first major new oil field development without any material safety or environmental incidents, on schedule and within budget.'
