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