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
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