Ibama renews operating license for Bauna

Aug, 19, 2020

Ibama renewed the operating license for the Baúna field, purchased by Karoon from Petrobras, in the Santos Basin post-salt. The license is valid until August 2024.

Karoon expects to close the purchase of the field with Petrobras by September. The sale of 100% of Baúna was agreed at US$ 665 million, in installments – US$ 380 million paid on signing, US$ 150 million at closing and another US$ 285 million in 2026.

Source: epbr