Carlyle supports Discover Exploration in deepwater offshore New Zealand

Offshore staff

LONDON – Alternative asset manager The Carlyle Group has invested $200 million in Discover Exploration.

The three-year equity deal will fund Discover’s existing operations offshore New Zealand and the Union of the Comoros off East Africa, and other potential new opportunities.

Specifically, it will fund Discover Exploration’s deepwater drilling program offshore New Zealand, which is operated by Anadarko Petroleum.

Discover has a 10% stake in the PEP38451 permit in the offshore Taranaki basin, where the first exploration well started drilling on Nov. 25. It also has 10% of the PEP38264 permit in the offshore Canterbury basin. Here Anadarko expects to spud the first exploration well in early 2014.

The offshore Comoros license is an 18,000-sq km (6,950-sq mi) production-sharing contract, currently awaiting approval by the National Assembly. Discover has a 60% interest. The license is on trend with the Anadarko and Eni’s Rovuma’s delta gas discoveries offshore northern Mozambique.

12/17/2013

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