(PN) Karoon made another advance in its Patola field, located in block BM-S-40, in the Santos Basin. The Australian operator stated that it has started production from the field’s second well (PAT-1), at an initial rate of more than 12,000 barrels of oil per day. The total production of the BM-S-40 block is now over 40,000 barrels of oil per day. The company also said that production rates should drop in the coming weeks.
The first well in Patola started operating in the middle of this month, exceeding the company’s initial expectations. The PAT-2 well went into operation on March 15, at a rate of between 12,000 and 14,000 barrels per day. The Patola wells are connected to the FPSO Cidade de Itajaí.
“Flow rates observed in both PAT-1 and PAT-2 are significantly above original expectations. Overall well flow rates are gradually stabilizing on the FPSO, with total throughput now approaching the FPSO’s nominal processing capacity of 80,000 barrels of fluid per day, maximizing the efficiency of our operations,” stated Karoon’s CEO , Julian Fowles.
After an initial period of production from Patola, Karoon predicts that total BM-S-40 rates will drop to between 33,000 and 35,000 barrels of oil per day in the coming weeks.
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