Strategy & history

Strategy

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.

History

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