Karoon Energy Ltd - Company Profile
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Karoon Energy Ltd (Karoon), formerly known as Karoon Gas Australia Ltd, is a major independent upstream oil and gas company that explores oil and gas and develops assets. It operates projects in Australia, Peru, and Brazil. Karoon has significant drilling opportunities in proven and prospective petroleum systems. The company concentrates on early-stage exploration projects consisting of large potential targets in basins with proven petroleum systems. Karoon uses high-end seismic techniques and exploration and analysis technologies. The company’s core strategy is to identify off-shore early-stage exploration opportunities. It has interests in the offshore Browse Basin and Carnarvon Basin, Western Australia; the offshore Santos basin, Brazil; and the offshore Tumbes basin, Peru. Karoon is headquartered in Mount Martha, Australia.
Karoon Energy Ltd premium industry data and analytics
Products and Services
Products |
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Crude Oil |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2023 | Acquisitions/Mergers/Takeovers | In December, the company announced the acquisition of a stake in the US GoM from LLOG Exploration Offshore, LLC and LLOG Omega Holdings. |
2023 | Plans/Strategy | In November, the company announced its plans to acquire a 30% stake in Who Dat and Dome Patrol Fields in the Gulf of Mexico from LLOG Exploration Offshore, L.L.C. for US$720 million. |
2023 | Plans/Strategy | In November, the company announced its plans to raise US$460 million through Macquarie Capital to fund the purchase of assets in the Gulf of Mexico. |
Competitor Comparison
Key Parameters | Karoon Energy Ltd | Woodside Energy Group Ltd | Santos Ltd | Beach Energy Ltd | Cue Energy Resources Ltd |
---|---|---|---|---|---|
Headquarters | Australia | Australia | Australia | Australia | Australia |
City | Southbank | Perth | Adelaide | Adelaide | Melbourne |
State/Province | Victoria | Western Australia | South Australia | South Australia | Victoria |
No. of Employees | 12 | 4,376 | 3,550 | 214 | 14 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Peter Botten | Deputy Chairman | Executive Board | 2023 | - |
Julian Fowles | Chief Executive Officer; Managing Director | Senior Management | 2020 | - |
Ray Church | Chief Financial Officer; Executive Vice President | Senior Management | - | - |
Daniel Murnane | Secretary | Senior Management | 2022 | - |
Antonio Guimares | Executive Vice President - Karoon Brazil; President - Karoon Brazil | Senior Management | 2021 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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