KKR Backs Upstream Start - Up

摘要

Newly - formed UK - based upstream company Trans European Oil & Gas (TEOG) has secured financial backing from US private equity giant KKR for onshore oil and gas opportunities in Europe, demonstrating that the region has much to offer private investors. "We believe there is a significant opportunity to build a portfolio of conventional onshore oil and gas properties in Europe ... We are excited to enter into investment partnerships of this nature, where we can build on the experience and skills of an entrepreneurial management team," KKR said on Tuesday.