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Karoon outlays US$123M to acquire Baúna FPSO

Deal will provide direct strategic control over offshore Brazil production facility

Colin Sandell-Hay
Karoon has moved to acquire 100% of the Baúna FPSO for US$115 million plus approximately US$8 million in transaction costs.

Karoon has moved to acquire 100% of the Baúna FPSO for US$115 million plus approximately US$8 million in transaction costs. | Credits: Karoon

Australia's Karoon Energy has moved to gain strategic control over the Baúna CDI FPSO offshore Brazil for a total of US$123 million. The company's wholly owned Brazilian subsidiary KPG has signed a...

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