Karoon Energy Ltd.
Industry Group: Oil & Gas Producers
Country/Region: Australia
Identifier: ASX:KAR
Karoon produces around 8 million barrels of oil annually from its wholly owned Bauna field in Brazil’s offshore Santos basin. The company acquired Bauna from Petrobras in 2020 and has been steadily increasing production via well interventions and new developments. Field life is approaching eight years based on proven and probable 2P reserves of 55 million barrels at end December 2022, though this excludes a further 82 million barrels in 2C contingent resources which which have potential to increase life further. We credit life of approximately 10 years, assuming partial conversion of 2C contingent resources into reserve category with drilling. There are also prospective untested targets within Karoon’s permits which could potentially add further reserves in the medium term.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Oil & Gas Producers 214 out of 301
Universe
Global Universe 14828 out of 15080
What are the ESG Risk Ratings?
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| Serica Energy Plc |
31.6
High
|
43 out of 301 |
| Diversified Energy Co. Plc |
37.8
High
|
88 out of 301 |
| Pakistan Oilfields Ltd. |
42.7
Severe
|
131 out of 301 |
| Karoon Energy Ltd. |
50.5
Severe
|
214 out of 301 |
| Cardinal Energy Ltd. |
50.7
Severe
|
219 out of 301 |
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Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
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Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
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Top Material ESG Issues for Karoon Energy Ltd.
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Controversy Rating
Highest Controversy level that has impacted Karoon Energy Ltd.'s ESG Risk Rating in the last three years
Highest Controversy Level
Contributing Events
Highest Controversy Events Locations
