Key points
- Karoon Energy Ltd. reported an electrical fault on the SPS-92 well at Baúna.
- The company is planning a rig-based intervention to replace faulty cabling.
- 2026 full year production guidance revised to 5.4 - 5.7 MMbbl for Baúna.
Full summary
On 21 September 2026, Karoon Energy Ltd. reported a fault in the electrical system of the SPS-92 well at Baúna, Brazil. The company shut down the well to investigate and is planning a rig-based intervention to replace the faulty cabling. Karoon estimates that approximately 3,500 barrels of oil per day will be deferred until the issue is resolved. The company has revised its 2026 full year production guidance for the Baúna Project from 6.0 - 6.7 MMbbl to 5.4 - 5.7 MMbbl, with total production for CY26 now expected to be 6.6 - 7.2 MMboe. Karoon's CEO, Carri Lockhart, emphasized the focus on bringing SPS-92 back to full production and maximizing output from other Baúna wells.
Guidance
Revised 2026 full year production guidance for Baúna to 5.4 - 5.7 MMbbl
Outlook
Karoon Energy Ltd. is planning a rig-based intervention to replace faulty cabling in the SPS-92 well and expects to bring the well back to full production.