Perenco is an independent French-British oil and gas company with a headquarters in Paris and London.[2] It conducts exploration and production activities in 16 countries around the globe (the North Sea, Cameroon, Gabon, Republic of Congo, Democratic Republic of Congo, Guatemala, Ecuador, Colombia, Peru, Venezuela, Brazil, Belize, Tunisia, Egypt, Turkey, Vietnam, Trinidad and Tobago). Perenco is involved in operations both onshore and offshore with production equal to approximately 450000 oilbbl of oil equivalent per day.
Perenco is owned by the French Perrodo family, whose fortune was estimated at around €8 billion in 2022.[3]
History
The company was established in 1975 by Hubert Perrodo as a marine services company based in Singapore. In 1980 the Group founded the Techfor drilling company and built a fleet of drilling rigs, jack-ups, swamp barges and land rigs. In 1982, the Group acquired the French drilling company Cosifor. In 1985, Perenco began its expansion into the upstream business, acquiring several proven onshore oil and gas fields in the United States, applying secondary-recovery techniques to enhance production. In 1992, it changed its profile to the oil exploration and production.[4]
Operations
Perenco operates in 16 countries and has over 6,000 employees.[5] It is involved in operations both onshore and offshore with production equal to approximately 500000 oilbbl/d.[2] While Perenco's growth has been driven by acquisitions, the Group's strategy evolved rapidly towards increasing production and reserves, renewing licenses and securing additional acreage for new exploration and development opportunities.[6]
Regions
Africa
Perenco operates in 5 countries on the African continent. In March 2023, Perenco became the subject of several preliminary investigations regarding corruption of public officials in African countries. These investigations began at the same time as investigations of Perenco in France.[7]
Former operations
Iraq
Perenco's subsidiary office in Erbil was closed in mid-2013 and there is no longer exploration and/or activities ongoing in Northern Iraq Kurdistan. Perenco owned Sindi-Amedi Exploration License from 2007 to 2013 which is located in the Kurdistan Autonomous Region of Northern Iraq. The license area was 2,358 km2 and was located adjacent to the Silopi licenses in Turkey, in which Perenco is a partner. The license is also adjacent to the Tawke field.[45]
External links
- Perenco Files at Investigate Europe -
References
- Shallow-water barge starts drilling operations at Kita Eden offshore Cameroon Offshore-mag.com^
- Perenco webpage.^
- https://archive.wikiwix.com/cache/index2.php?url=https%3A%2F%2Fwww.challenges.fr%2Fclassements%2Ffortune%2Ffrancois-perrodo-et-sa-famille_1916#federation=archive.wikiwix.com&tab=url^