Karoon is an international oil and gas exploration and production company, listed on the ASX, with assets in Brazil and Australia.


Karoon’s vision is to be a leading, independent international energy company that adapts to a dynamic world in an entrepreneurial and innovative way. The Company’s purpose is to provide energy safely, reliably and responsibly, creating lasting benefits for all its stakeholders.


  • Deliver safe, reliable, responsible and cost-effective operations at Baúna, in conjunction with our partners.
  • Assess the technical and commercial feasibility of a potential Neon Foundation development.
  • Seek value-accretive producing/close to production asset(s) in Brazil and/or the US Gulf of Mexico, leveraging Karoon’s technical and commercial capabilities.
  • Maintain a resilient balance sheet that is able to support expansion.
  • Operate sustainably, implementing fit-for-purpose sustainability strategies. 
  • Build organisational capability and capacity to deliver organic and inorganic growth opportunities.
  • Balance capital allocation between high value growth and returns to shareholders.