Field Development

Karoon one step closer to sanctioning $1 billion field offshore Brazil

Company expects to take a final investment decision in Neon in mid-2026 to produce first oil in 2029

Karoon Energy chief executive Julian Fowles.
Karoon Energy chief executive Julian Fowles.Photo: KAROON ENERGY
South America CorrespondentRio de Janeiro
Published 16 April 2025, 14:04Updated 16 April 2025, 14:04
BrazilKaroon EnergyNeonBaunaJulian Fowles