Strategy & history


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 (sold in 2012 to Thailand's PTTEP for US$1.9 billion).

Discover's initial funding came from ONH, the holding company of Oranje-Nassau Energie (now 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, made a majority investment in Discover. Carlyle is a global alternative asset manager with US$222 billion of assets under management across 360 investment vehicles (as of 30 June 2019).

Since 2012, Discover has acquired upstream oil and gas assets in 5 countries across 3 continents. In 2018-2019, Discover acquired 2 privately-owned oil and gas companies: Hansa Hydrocarbons (from Avista Capital Partners) and Bahari Resources.

Create value through participation in E&P projects