Zennor gets turbo-charged
Private equity has boosted the 12-year-old company’s firepower
Zennor Petroleum traces its roots back as far the mid-90s, when many of its team worked for US independent Arco, subsequently swallowed by BP. Founded as MPX in 2006, it became Zennor following its acquisition by private equity (PE) firm Kerogen Capital in August 2015. Since then, the firm has been active developing its portfolio both by acquisition and through its core appraisal and development focus. Managing director Martin Rowe recently spoke to Petroleum Economist editor-in-chief Peter Ramsay. Edited highlights follow. PR: Is "private equity in the North Sea" almost a slightly misleading term, given the range of firms it encompasses? MR: I think that is a fair statement. The value propo
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields