Perenco is a leading independent Oil & Gas Company operating in 16 countries across the globe, ranging from Northern Europe to Africa and from Latin America to the Middle East. Perenco is running operations both onshore and offshore. Find out more about our activities in Peru, Gabon, DRC, Guatemala and UK and about Perenco community actions in CSR dedicated website. Perenco's success relies on a team of dedicated engineers and technicians : read their testimonials on our Careers website.
Sound financial management is crucial to planning and executing our strategy of steady, long-term growth.
Perenco's performance has remained strong for more than a decade, generating substantial increases in asset value. Growth was achieved through acquisitions and investments funded largely from cash generated by operations.
The high oil and gas prices of 2011, combined with a stable production, generated a strong cash flow and net profit . Production has been maintained through investment in development projects and by acquisition of additional reserves.
In 2011, revenues amounted to US$4.8bn for a net production of 152,425 barrels equivalent per day. The investments in exploration and development amounted to a record US$1.2bn.
At the end of 2011, a strong overall balance sheet, with solid cash balance and almost no debt, left Perenco in an excellent position to fund its diversified exploration portfolio, large development projects, ongoing operations and external growth.
Perenco's accounts are audited annually by Deloitte & Touche, London.