Our strategy is to create value through participation in upstream projects, predominantly in early stage non-operated offshore assets. Our management team has strong E&P expertise, a track-record of success, and a solid reputation in the industry and financial markets.

Discover Exploration was founded in 2012 by the former management team of Cove Energy, following Cove's US$1.9 billion sale to Thailand's national energy company PTT.

Discover's initial funding came from ONH, the holding company of ONE-Dyas, 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 investment firm with US$301 billion of assets under management across 456 investment vehicles.