From ME's research Report Dated 20/6/23:
"Production guidance cut • FY23 guide now 7.0-7.1MMbbls (implies 4Q of 1.7MMbbls).
• Bauna/Patola fields ramped up strongly following the loss of containment incident (shutdown from early April through mid-May), however have now encountered an issue with a cooling unit. It appears KAR is running the oil fields at ~30kb/d, until it is able to replace a part within the cooling unit, upon which time it can open up production to higher rates again"
Regards
SP
Ann: Update on Bauna production and FY23 guidance, page-5
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