Zennor sets sights on CNS upside
Private equity backing ensures CNS player has a war chest for future acquisitions
UK producer Zennor Petroleum is targeting output of up to 35,000bl/d in 2023 as its Central North Sea (CNS) portfolio ramps up to full production. The region continues to see plenty of activity, despite its maturity, managing director Martin Rowe told Petroleum Economist at September’s Offshore Europe conference in Aberdeen. And Zennor, which received investment from private equity (PE) backer Kerogen Capital in 2015, has $100mn in reserve for small and focused portfolio additions. In general, how healthy is the CNS, the “engine room of the North Sea” as it were, looking? Rowe: There is a huge amount of activity there, both for ourselves and other companies. The next slew of development p
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
