Independent | |
Industry | Petroleum industry |
Founded | 1975 |
Founder | Hubert Perrodo |
Headquarters | London, Paris |
Area served
|
Worldwide |
Key people
|
Benoît de La Fouchardière (CEO) François Perrodo (Chairman) |
Products | Oil and gas exploration and production, natural gas and LNG trading and transportation, oil refining |
Number of employees
|
4,000 |
Website | perenco.com |
Perenco is an independent Anglo-French oil and gas company with a headquarters in London and Paris It has 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, Iraq, Vietnam).
Perenco is involved in operations both onshore and offshore with production equal to approximately 450,000-barrel (72,000 m3) of oil equivalent per day.
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.
Perenco operates in 16 countries and has over 4,000 employees. It is involved in operations both onshore and offshore with production equal to approximately 250,000 barrels per day (40,000 m3/d). 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.