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.
Perenco has signed an agreement with Sinochem Petróleo Brasil Ltda, the 100% owned subsidiary of Sinochem Corporation (Sinochem) to farm-out five concessions in the Espirito Santo basin, offshore Brazil.
Sinochem will fund Perenco in certain exploration wells in exchange for acquiring 10% working interest in the five concessions, subject to conditions. Following the completion of the transaction, which remains subject to government approvals in Brazil, Sinochem will acquire a 10% working interest in the Concessions.
Perenco will retain a 40% interest and remain as the operator. OGX Petróleo e Gás will maintain its 50% share in the Concessions. The Concessions, located in the deep water (100-2 000 m) sector of the Espirito Santo basin cover 3 625 square kilometres in total. Perenco, together with OGX were awarded the Concessions in the 9th Brazilian Licensing Round.