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
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
