Oranje signs MoU with KKR

Partnership: Oranje and KKR will jointly pursue potential investment opportunities in the upstream oil and gas sector

Amsterdam-based Oranje-Nassau Energie has signed a memorandum of understanding with investment firm Kohlberg Kravis Roberts & Company (KKR) to jointly pursue potential investment opportunities in the upstream oil and gas sector.

Oranje said the pair would particularly focus on potential investment opportunities in north-west Europe.

“We are delighted to team-up with KKR as this cooperation will accelerate the implementation of our growth strategy through acquisitions of operated and non-operated assets,” said Oranje chief executive, Alexander Berger.

“With this MoU, our total investment capacity will significantly increase, thereby greatly widening the scope of assets that can be pursued.”

Oranje has operated and non-operated production assets off the Netherlands and non-operated offshore positions in the UK and Gabon.

The Dutch company has said it is aiming to double…

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