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Kerogen Capital announces sale of Zennor Petroleum to NEO Energy
édité le 09/03/2021 - Plus de news de Zennor Petroleum - Voir la fiche entreprise de Zennor Petroleum
Kerogen Capital (Kerogen) and Zennor Petroleum Limited (Zennor) are pleased to announce that Kerogen has reached an agreement with NEO Energy Upstream UK Limited (NEO) and HitecVision for the sale of Zennor for a total consideration of up to $625 million, including deferred and contingent payments. The transaction completion is subject to customary regulatory approvals.
Since Kerogens initial investment in 2015, Zennor has transformed from an early-stage exploration company into a full-cycle E&P player in the UK North Sea through successful appraisal and development of the Finlaggan field, two separate producing asset acquisitions and multiple licence awards in the offshore licensing rounds. In January 2021 Zennor and Kerogen announced its Net Zero Carbon Strategy.