From a largely shared heritage at ARCO through the 1990s the management team has subsequently brought success to several North Sea oil companies. This team has now been enhanced by experienced talent brought in from other successful North Sea operators.
The Board of Zennor Petroleum Ltd comprises Dr Alan Parsley (Chairman), Martin Rowe (Managing Director), Rod Crawford (Technical Director), James Henry (Finance Director), Jason Cheng, Philip Jackson and Tushar Kumar (Non-executive Directors).
The management team is supported by Marilyn Merryweather (Geophysical Advisor), Peter O’Mara (Geological Advisor), David Beaghan (Operations Director), Graham Cooper (Commercial Director)and Nick Shepherd (General Counsel), together with a number of talented technical, financial and administrative support staff and experienced associates who provide valuable drilling, technical and commercial expertise and support.
Martin Rowe co-founded Zennor and was appointed Managing Director in April 2014 on completion of a management buy-out.
Since starting out as a drilling engineer in 1991, and through his 10 years with Arco, Martin gained significant operational experience across the upstream engineering disciplines
After Arco, Martin began working with the junior E&Ps and his technical background is now allied to many years of experience across the commercial and financial sectors of the upstream industry.
Martin was instrumental in attracting Kerogen’s backing to the Company and delivering the cornerstone Finlaggan transaction, both of which were closed in 2015.
Rod Crawford, a 12-year Arco veteran, is another co-founded of Zennor. He has spent over 35 years in the oil and gas industry undertaking acquisition, processing and interpretation of both land and marine seismic data. Rod has led several multi-disciplinary subsurface teams looking at a diverse range of projects, ranging from exploration, appraisal to development.
At Zennor, Rod and his team have a very successful track record in competitive UKCS offshore license round applications, based on established technical work flows and methodologies designed to minimise exploration and appraisal risk.
Rod’s input to the Finlaggan project has been pivotal, through his leadership of the Dual Azimuth reprocessing of the Finlaggan area seismic data using Generalised Radon Transform (“GRT”) algorithms.
James Henry has been Zennor’s FD since 2007 and he played a leading role in the Company’s MBO in April 2014. James qualified as a chartered accountant with Arthur Young after gaining a BSc in Geology from Exeter University. James spent 21 years in the financial services sector including senior management roles at LIFFE, The London Clearing House and Cargill Investor Services.
Having played a pivotal role in securing the Kerogen investment in 2015, James has been responsible for attracting a £170mm Term Loan Facility to fund the Finlaggan development. The facility is backed by a syndicate of leading North Sea upstream RBL banks led by Societe Generale
Nick Shepherd is an oil and gas lawyer with 25 years of industry experience in a number of senior in-house legal roles.
Nick joined Zennor in July 2017, having been Regional General Counsel at Tullow Oil plc, where he was responsible for the legal team in the London Head Office. Previously Nick held senior legal roles in Paladin Resources plc, BHP Billiton Limited and Premier Oil plc and has also advised a large number of other upstream independents.
During his time at Zennor, Nick has been instrumental in securing the legal structures that underpin the Finlaggan development, as well as helping deliver the Britannia/Mitsui transaction.
Marilyn Merryweather is geophysicist with more experience than any other member of the Zennor team. Another ARCO veteran she has been instrumental in c.20 discoveries in UK Central and Southern North Sea, such as Tyne West, Waveney, Hawksley, Glenelg, Murdock K, Munro, Polecat, Opal, Vanquish and Eos.
Following the acquisition of ARCO, Marilyn worked for BP, Tullow and EOG Resources and in 2006 joined the technical team at Zennor helping them to grow and mature the Company’s UK asset base through successful license round applications.
Marilyn’s most recent efforts at Zennor have focused on the identification and evaluation of potential infill locations in the producing fields acquired from First Oil in 2016.
Peter O’Mara is a highly experienced geologist with knowledge across the upstream value chain gleaned from over 25 years with ARCO, Ruhrgas, EOG Resources and Zennor.
Peter served as the main technical partner in multiple UK North Sea JV’s and was responsible for drilling, reservoir engineering, geoscience, subsurface efforts, development well planning and initial start-up of a number of fields and discoveries: Trent & Tyne’ CMS3, Elgin/Franklin, Scoter/Merganser, Conwy, Polecat, Arthur, Valkyrie and Columbus.
At Zennor, Peter has been responsible for the subsurface modelling of Finlaggan, through pre-appraisal and development phases including delivery of the subsurface element of the Field Development Plan.
David Beaghan has over 30 years of oil and gas industry experience in planning and managing drilling operations. This includes UK and international exposure, onshore and offshore operations and periods supervising operations at the well site.
David has worked with a variety of operators ranging from large multinationals to small independents and was the Drilling Manager for the four offshore UK North Sea operated wells drilled by Zennor North Sea Ltd in the period 2012-16.
David’s leadership skills and eye for detail has made his step up to Operations Director appear seamless at Zennor, where he is responsible for all aspects of the Finlaggan development project.
Graham Cooper is a geologist with over 35 years of industry experience, of which the last 20 have been spent in commercial and business development roles. A large proportion of that time was spent in senior commercial roles in Shell, including Vice President–Commercial for Shell International Global Exploration and Head of the Commercial Academy for the entire Shell Group.
Graham joined Zennor in January 2016 from EnQuest plc where, as Head of Business Development since 2011, he was responsible for delivering a large number of North Sea focused acquisitions.
Since joining Zennor, Graham has, amongst other transactions, delivered the First Oil acquisition in early 2016 and the Britannia acquisition from Mitsui, which was signed in September 2018.
Tushar Kumar is part of Kerogen Capital’s Investment and Portfolio Management Team. He has over 16 years’ experience in investing, investment banking and equities, working with a range of oil and gas companies including upstream, downstream, majors and national oil companies across Europe, the Middle East and Asia. He has experience in investing in the energy sector as well as strategic advisory, particularly focused on M&A, IPOs, debt and equity financing as well as balance sheet restructuring. Prior to joining Kerogen, he was an executive director at Morgan Stanley’s natural resources group in London, having previously worked with members of the Kerogen team at J.P. Morgan’s energy and natural resources group in Hong Kong.
Tushar holds an MBA from the Indian Institute of Management Ahmedabad (IIMA) and a BTech in computer science and engineering from the Indian Institute of Technology (IIT). He is also a CFA charter holder.
Jason Cheng is the Managing Partner and co-founder of Kerogen Capital. Jason has over 20 years’ commercial experience across investing, operations and investment banking. He was the Managing Partner of Ancora Capital, and the manager of the Prior Fund. Before this, he was a managing director of Jade International Capital Partners Limited in Beijing, where he was involved in Sino-foreign investments and advisory assignments. He previously worked in investment banking at J.P. Morgan in the Energy and Natural Resources Group and prior to this at Schroders, in both the energy and the Asian M&A teams. Jason is also a Non-executive Director of independent oil and gas company, Buried Hill Energy.
Jason holds an MSc (finance and management) from the University of Sydney and a BSc (economics and econometrics) from the University of Melbourne.
Dr Alan Parsley is an Executive Board Member of Kerogen Capital. He has over 45 years’ experience in the oil and gas industry, predominantly at Shell, where he held senior positions including Global Head of Exploration and Head of New Business Ventures. In his later career, he became Chief Executive of Shell Syria and Chairman of Shell Australia. He formerly served as a member of the Board of Woodside Petroleum Ltd. and is currently an independent Non-executive Director of the independent oil and gas company, Buried Hill Energy.
Alan graduated from the University of Edinburgh and holds a BSc and a PhD in Geology. He was a member of the Court of Heriot-Watt University from 2005 to 2011.
Philip Jackson is an Executive Board Member of Kerogen Capital and serves on its Investment Committee. He has 35 years’ experience in investments and corporate finance in energy and infrastructure projects. Philip is on the boards of New Age (African Global Energy) Limited and Singapore-listed Macquarie International Infrastructure Fund Limited. He was the founder and former Chief Executive of J.P. Morgan Asset Management’s $860 million Asian Infrastructure and Related Resources Opportunity Fund. Philip was with J.P. Morgan (and heritage Jardine Fleming) for over 20 years, leading their energy and infrastructure advisory businesses, advising on restructuring, M&A and privatisation. He started his career with the energy team at Ashurst LLP before moving to its client Trafalgar House plc, one of the UK’s leading independent oil and gas and construction companies.
Philip graduated with an MA in law from the University of Cambridge and is a solicitor of the Supreme Court in England.