Corporate Overview Karoon has a core exploration growth strategy, focused on large targets in proven petroleum systems. The Company is looking to complete the acquisition of a foundation production asset that will underpin long-term…
What are we trying to achieve Karoon provides an opportunity to invest in these high value markets through a developed market platform. The strategic pathway for Karoon is to: Acquire an appropriate production asset which fits within…
Why are we so focused on Brazil Our knowledge and working experience of Brazil uniquely places Karoon at an advantage when navigating regulatory regimes and searching for quality new opportunities in the region. Karoon provides an…
Cost Reduction Cost conscious in a transformational time. During the 2018 financial year, Karoon saw a 20% reduction in our global headcount and a 70% reduction in South American fixed office costs going forward. Overall exploration…
Brazil: Santos Basin, Neon (Echidna) & Goi fields Progressing field development planning and nearfield exploration target evaluations. April 2018, ANP approved Declaration of Commerciality awarded for blocks S-M-1037, 1102,1101 and…
Brazil: Santos Basin, Neon (Echidna) & Goi fields Neon development FEED to FID. Risk sharing and funding flexibility with possible deferred capex payment, equipment financing solutions i.e. wells/opex. Aim to achieve a cost effective…
Brazil: Santos Basin, S-M-1537 Clorita prospect Leveraging a decade of geological knowledge and operational experience in Bid Round 14. Exploration block S-M-1537 won in Bid Round 14, September 2017 (awarded December 2017). Low…
Brazil: Santos & Campos Basins, New Ventures Leveraging basin expertise to target high potential pre-salt plays. Ongoing regional studies of Brazil pre-salt fairways ahead of future Bid Rounds. Blocks could be acquired after the…
Peru: Tumbes Basin, Z-38 Farmout success with offshore Peru heating up as a new industry focus. Force majeure lifted from Block Z-38. Karoon 40%* (Operator), Tullow 35%*, Pitkin 25%*. Tullow has a long established successful track…
Peru: Tumbes Basin, Z-38 Advanced geophysical studies have identified new younger and shallower targets. Detailed mapping and seismic pore-fill attribute extraction strongly support the presence of trapped hydrocarbons. Reservoirs…
Australia: Carnarvon Basin, WA-482-P The right address: Australias newest oil province Permit extended with G&G work program only. Karoon 50%, Quadrant 50% (Operator). Large 13,539 sq km permit in an emerging oil prone area.…
Australia: Browse Basin, WA-314-P Cooler outboard source rocks: wet-gas, condensate and oil-prone. Karoon 100% (Operator) Renewal term G & G studies next two years Reprocessed seismic data shows potential for Montara Formation…
Australia: Ceduna Sub Basin, EPP46 Industry awaits NOPSEMA approval of drilling Environment Plan Karoon 100% (Operator), awarded October 2016. Large, 17,649 sq. km permit in an emerging frontier, prospective oil and gas basin.…
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