Mazarine’s Zaafrane field in Tunisia
Mazarine looks ahead following management buyout
The independent is now seeking to expand its operations
Netherlands-headquartered independent Mazarine Energy is undertaking a management buyout and plans to expand its portfolio. Mazarine was founded in 2013 and produces oil and gas from its assets in both Tunisia and Romania. The company recently announced the signing of an agreement to change ownership, with CEO Edward van Kersbergen committing to buy the Carlyle Group’s majority interest, as well as the stake held by private equity firm Ramphastos Investments. The Carlyle Group bought into Mazarine Energy eight years ago, but after supporting the company’s greenfield development in Tunisia and brownfield acquisitions in Romania, the private equity firm was “naturally looking to exit”, explain
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