Sunday, December 15, 2013

Carlyle Group Invests in Discover Exploration: Offshore Drilling in New Zealand, Africa

FT reported:

The Carlyle Group, a US-listed private equity group is to pay $200m for a majority stake in Discover Exploration, a venture launched in March by former Cove executives Michael Blaha, John Craven and Michael Nolan.

Discover Exploration holds an interest in two deepwater licenses offshore New Zealand.  Drilling began two weeks ago via the ultra-deepwater drillship Noble Bob Douglas.  Discover also holds "exploration licences in the Comoros, a former French colony between northern Mozambique and Madagascar."