Karoon is assessing asset acquisitions opportunities that could potentially leverage its core technical skills and balance sheet. Key criteria against which any transaction is assessed are:
- Value accretive, exceeding Karoon’s return threshold
- Producing or at least at FID stage in the case of a pre-production asset
- Fundable
- Complementary to Karoon’s footprint and/or capabilities
- Any acquisition balanced against the return of capital to shareholders
- Can be accommodated within Karoon’s GHG management strategy
- In a jurisdiction with a stable governance and an established regulatory regime
- Focus areas are offshore Brazil and the US Gulf of Mexico where Karoon can harness the experience and expertise of its technical and commercial staff