Kerogen Capital

Kerogen Capital is a private equity firm based in Hong Kong, founded in 2007, which specializes in the international oil and gas sector. The firm focuses on providing growth, buyout, and expansion capital, primarily targeting companies in China, South America, and European markets with diplomatic relations with China. Kerogen Capital seeks investments in international basins outside North America that possess proven hydrocarbon systems and significant resource potential. For conventional oil and gas projects, the firm invests in Southeast Asia and select countries in the Middle East and Africa, concentrating on companies with enterprise values under $1 billion. In terms of unconventional assets, Kerogen Capital looks to invest in Asia, Europe, and Australia. The firm typically invests between $150 million and $200 million in its target companies. Additionally, it engages in acreage accumulation and bolt-on acquisitions to enhance its investment portfolio.

Jason Cheng

Co-Founder and Managing Partner

Anish Patel

Partner, Investment and Portfolio Management

Ali Sharifi

Managing Director, KDS

Roberta Wong

Managing Director and Investment and Portfolio Management Team Member

10 past transactions

Geothermal Engineering

Private Equity Round in 2023
Geothermal Engineering Limited is a leading company focused on the development and operation of deep geothermal heat and power projects, primarily in the United Kingdom. The company aims to utilize local products and services to support regional economies while also funding community projects. By specializing in deep geothermal technology, Geothermal Engineering contributes to the production of zero-carbon electricity, heating, and cooling solutions, thereby promoting sustainable energy practices and reducing reliance on fossil fuels.

Enervee

Series B in 2022
Enervee Corporation operates a personal energy efficiency scoring platform designed to promote the purchase of energy-efficient appliances and electronics. Founded in 2009 and based in Santa Monica, California, Enervee captures retail prices and energy consumption profiles for a wide range of products, including home appliances such as refrigerators, dishwashers, and air conditioners, as well as electronics like TVs and computers. The platform features the Enervee Score, which rates the energy efficiency of these products on a scale from 0 to 100, and provides personalized recommendations based on energy efficiency, overall cost, and consumer popularity. Additionally, Enervee offers an EcoView that highlights the environmental impact of a product's CO2 emissions. The company's data is utilized by governments and electric utilities to monitor market trends and encourage the adoption of energy-efficient products through utility energy efficiency rebates. Enervee aims to assist consumers, businesses, and governments in saving energy and reducing environmental impact through informed purchasing decisions.

EcoCeres

Private Equity Round in 2022
EcoCeres is an innovative biomass utilization company with strong R&D capability and excellent ESG performance. EcoCeres focuses on the utilization of bio-grease and agricultural waste. EcoCeres creates decarbonization solutions to help the world achieve carbon neutrality.

AI Driller

Seed Round in 2019
AI Driller, Inc. is an automation company based in Houston, Texas, specializing in self-drilling fleet services for the oil and gas industry. Founded in 2017, the company has developed an advanced rig automation and intelligence platform that leverages artificial intelligence to enhance drilling operations. Its offerings include the ROP Module, which provides real-time automation of conventional auto-drillers, and various AI-driven solutions such as AI Alerts, data insights, and directional drilling capabilities. By utilizing machine learning for data processing and performance analysis, AI Driller aims to minimize human error and inefficiencies, enabling engineers to access historical drilling data and achieve consistent results in their operations.

Kelvin

Series B in 2018
Kelvin Inc. is a software company based in San Francisco, California, established in 2013. It specializes in designing and developing the Kelvin Oil App, a software solution that automates the optimization and operation of physical systems, particularly in the oil field markets. The company's offerings leverage artificial intelligence, machine learning, and analytics to enhance industrial automation and improve operational efficiency. Kelvin's focus on collaborative control and emissions management positions it as a key player in the evolving landscape of industrial technology.

Ideol Offshore

Venture Round in 2018
Ideol is a global and pure player in floating foundations for offshore wind and has been engineering and accompanying floating offshore wind projects from conception to installation since 2010. Recipient of numerous innovation and entrepreneurship awards and recognized as one of the most promising cleantech companies, Ideol’s fully integrated team of over 60 experts and engineers has patented numerous innovations of which its globally acclaimed Damping Pool ®. A prestigious panel of international private and public investors have been supporting the company’s growth since its creation.

Energean Israel

Private Equity Round in 2017
Energean Israel is an independent oil and gas exploration and production company operating primarily in the Eastern Mediterranean region. The company holds seven exploration and production licenses across various areas, including Greece, the Adriatic, offshore Israel, and onshore North Africa. Energean focuses on exploring and developing hydrocarbon resources in these regions to contribute to energy needs and enhance regional energy security.

Pandion Energy

Private Equity Round in 2017
Pandion Energy is a private Norwegian exploration and production company focused on the development of oil and gas resources on the Norwegian Continental Shelf. Established in November 2016, the company leverages the expertise of industry professionals and the operational platform of Tullow Oil Norway AS. Backed by the private equity fund manager Kerogen Capital, Pandion Energy is actively involved in the development of the Cara oil and gas discovery in the North Sea. In addition to this project, the company seeks to capitalize on appealing exploration and appraisal opportunities through licensing rounds and farm-ins, enhancing its portfolio and contributing to energy production in the region.

Hurricane Energy

Post in 2016
Hurricane Energy is a UK-based oil and gas exploration company focused on hydrocarbon resources in naturally fractured basement reservoirs. The company operates on the UK Continental Shelf, where it has made significant discoveries and holds various assets, including Lancaster, Halifax, Lincoln, Warwick, Whirlwind, Typhoon, and Strathmore. Hurricane Energy aims to create shareholder value through the exploration, appraisal, and development of these reserves.

Zennor Petroleum

Funding Round in 2015
Zennor Petroleum is a private exploration and production company based in Guildford, UK, specializing in crude petroleum and natural gas. The company is focused on the appraisal, development, and production of hydrocarbons in offshore North-West Europe. Led by a management team with extensive experience in the UK North Sea, including previous roles at ARCO and various independent firms, Zennor emphasizes low-risk appraisal drilling and development opportunities. Their approach is supported by a comprehensive historical database and a unique subsurface workflow that enables the identification of promising projects.
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