US Carlyle Group Invests $500m in Tunisia’s Mazarine Energy

US Carlyle Group Invests $500m in Tunisia’s Mazarine Energy

US investment company, Carlyle Group announced it had invested in Mazarine Energy, the Tunisia-focused oil and gas explorer, which will receive $500m to fund bolt-on acquisitions, focusing on low risk, near-term, conventional exploration, development and production opportunities in Europe, Africa and the broader Mediterranean region, reported Natural Gas Europe.

Mazarine Energy expects to start production of 1,500 to 2,000b/d already next year and plans to seek investments in “low cost, low-risk opportunities” in onshore exploration and production assets.
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The deal is the first investment in over a year for Carlyle International Energy Partners (CIEP), the private equity firm’s overseas oil and gas investment fund, which has more than $2.5b at its disposal, Reuters wrote quoting CIEP Head, Marcel van Poecke.

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