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