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.

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Finance

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. 2007 and 2008 had marked a record across all financial indicators.  In spite of lower and very volatile crude and gas prices, 2009 also showed a strong net profit and cash flow generation. Production has been maintained through investment in development projects and by acquisition of additional reserves. Operating costs have been reduced at levels of pre-high price period and remains at low levels compared to the market, offering competitive resilience to adverse oil price movements.

In 2009, gross revenues amounted to US$2.7bn for a net production of 161,620 barrels equivalent per day. The combination of acquisitions and investments amounted to US$850mm. At the end of 2009, a strong overall balance sheet with solid cash balance and almost no debt, left Perenco in an excellent position to fund its world class diversified exploration portfolio, large development projects, ongoing operations and external growth.

Perenco's accounts are audited annually by Deloitte & Touche, London.



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