Karoon Energy is an Australian-based oil and gas exploration and production company with a strategic focus on deepwater offshore Brazil. Headquartered in Perth, the company maintains regional offices in Houston and Rio de Janeiro to support technical and commercial operations. Since its establishment in 2005, Karoon has transitioned from onshore Australian projects to build a high-potential portfolio in the prolific Santos and Campos basins.
The company’s flagship asset is its interest in the Sépia oil province in the Santos Basin, which commenced production in late 2020. Beyond Sépia, Karoon holds participating interests in several upstream licenses that encompass producing fields, near-term development targets and exploration prospects. Its integrated subsurface approach combines advanced geological modelling, seismic interpretation and reservoir engineering to de-risk resources and optimise field development.
In addition to its core Brazilian operations, Karoon has expanded its exploration footprint into emerging basins, including early-stage acreage offshore Suriname. The company pursues strategic farm-in agreements and partnerships with leading international operators to enhance its technical capabilities and diversify its resource base. Karoon’s disciplined exploration programme aims to convert prospects into commercially viable discoveries while preserving capital efficiency.
Led by Managing Director and CEO Andrew Cuthbert, Karoon Energy’s management team brings extensive experience in upstream project delivery, operational execution and financial stewardship. The company is committed to sustainable growth, leveraging its technical expertise and strong stakeholder relationships to create long-term value from its portfolio of deepwater assets.
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