In the fifth deal for its $2.5 billion Carlyle International Energy Partners fund, The Carlyle Group is making an undisclosed investment in Mazarine Energy, an upstream oil and gas company with assets in Tunisia, and providing the Dutch headquartered company with access to a $500 million equity line for future bolt-on acquisitions in Europe, Africa and the Mediterranean region.
Mazarine Energy was founded in 2013 and within 18 months had drilled two wells in the Zaafrane license in central Tunisia and discovering hydrocarbons which tested successfully at commercial rates in both. The firm, which is led by an experienced management team with strong relationships and extensive expertise, is actively reviewing additional opportunities in Europe and North Africa.
Mazarine’s Founder and CEO, Edward van Kersbergen welcomed the investment noting that Carlyle are “…ideally placed to work with us as we look to for a regional oil and gas platform in the coming years.”
The Mazarine investment joins a portfolio of international assets that include Varo Energy, Discover Exploration, HES international and Black Sea Oil & Gas.