Karoon reports that the Neon-2 control well reached a final total depth of 2,357 metres MD on 7 March 2023. The well was spudded to the northeast of the Echidna-1 discovery well. Neon-2 encountered net oil pay of 105 metres and reservoir quality similar or better than Echidna-1 and Neon-1, and with a similar pressure regime.
Based on the encouraging preliminary results from the Neon-1 control well, Karoon has decided to proceed with drilling the Neon-2 control well at the Neon discovery in the Santos Basin, offshore Brazil.