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
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
