Our strategy is to create value through participation in upstream oil and gas projects, predominantly in non-operated, offshore assets in the early stages of the E&P lifecycle.
Our management team has strong E&P expertise, a track-record of success, and solid reputations in the industry and financial markets.
Discover Exploration was founded in 2012 by the former management team of Cove Energy plc (sold for US$1.9 billion to Thailand's PTTEP in 2012).
Discover's initial funding came from ONH B.V., the holding company of Oranje-Nassau Energie B.V. (now ONE-Dyas B.V.), the largest privately-owned Dutch E&P operating company.
In 2013, CIEP (Carlyle International Energy Partners), a US$2.5 billion fund managed by The Carlyle Group (NASDAQ:CG), made a majority investment in Discover. Carlyle is a global alternative asset manager with US$217 billion of assets under management across 392 investment vehicles.
Since 2012, Discover has acquired upstream oil and gas assets in 5 countries across Europe, Africa and Australasia. In 2018-2019, Discover acquired 2 oil and gas companies: Hansa Hydrocarbons (from Avista Capital Partners) and Bahari Resources.
Create value through participation in E&P projects