Neon
Oil Gas
Type
Development
Status
🇧🇷 Brazil, Santos Basin (offshore) (Santos Basin)
Country
Project information
As at 31 December 2025
Aggregation level:
Asset
Aggregation level:
Asset
Report standard:
Prms
Report standard:
Prms
Ownership %:
100
Ownership %:
100
Operator:
Yes
Operator:
Yes
Extraction:
Offshore
Extraction:
Offshore
Description
As at 31 December 2025
An oil development opportunity in the Santos Basin offshore Brazil, Karoon's largest contingent-resource asset, where work is underway to optimise a potential development (e.g. as a subsea tieback). Neon 2C contingent resources grew to 90.3 MMbbl in 2025 on the back of technical studies. No reserves have been booked; a development concept is being matured.
Oil & Gas metrics
As at 31 December 2025
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