Kerogen talks up dividend distributions

Private equity firm says ongoing return of capital to investors could avert a potential North Sea exit crunch

Kerogen Capital’s North Sea investments are “patient capital” with a 10-year lifecycle that offer “quite a lot of flexibility to execute the strategy and achieve milestones”, the private equity (PE) company’s vice-president for investment and portfolio management Natalia Simakina told the World Energy Capital Assembly (Weca) in London on Tuesday.  The North Sea asset market has been buoyant of late. Alongside publicly and privately-owned firms as well as companies backed by capital from trading houses—both those with existing presences and new entrants—a number of buyers have been operators backed by PE cash, with the majority of these PE investments made within a few years of each other.  “