Karoon Gas Australia Ltd is an Australia-based oil and gas exploration company. The Company is engaged in the investment in hydrocarbon exploration and evaluation in Australia, Brazil and Peru. The Company operates in three segments: Australia, Brazil and Peru. The Company's Australia segment is involved in the exploration and evaluation of hydrocarbons in two offshore permit areas, such as WA-314-P and WA-482-P. Its Brazil segment is involved in the exploration and evaluation of hydrocarbons in six offshore Blocks, which include Block S-M-1037, Block S-M-1101, Block S-M-1102, Block S-M-1165, Block S-M-1166 and Block S-M-1352. Its Peru segment is involved in the exploration and evaluation of hydrocarbons in two blocks, including Block 144 (onshore) and Block Z-38 (offshore). Its Australian permits cover a combined area of approximately 15,500 square kilometers. Its subsidiaries include Karoon Energy International Pty Ltd, Karoon Gas Browse Basin Pty Ltd and Karoon Gas (FPSO) Pty Ltd.