Perenco began production operations in Gabon in 1992 with the acquisition of developed fields offshore Port-Gentil. Twenty years later, the yearly average production reached 62 500 boepd in 2012 (58 000 of oil and 4 500 of gas). This growth was sustained through the continuous development of mature fields and an aggressive acquisition strategy, as well as exploration success.
Licenses are located offshore and onshore and Perenco operates two offshore Floating Storage and Offloading (FSO) units to store and export crude oil.
In 2012, Perenco's gross investment in the country amounted to $400 million, and in 2013 will reach $500 million for the first time. Four rig-units are in operation all year long and 25 new wells will be drilled in 2013. Major infrastructure projects will also be delivered including gas pipelines, new producing off-shore platforms, and a treatment and compression gas station.
Since 2007 Perenco has been supplying gas to the power plants of Libreville and Port-Gentil. To supply the gas handling and treatment plant, the Company operates a 450 km pipeline.
Together with the extension of its main Convention contract, granted until 31st December 2031, a strategic partnership was agreed with the State in 2011 and two additional gas sale and purchase contracts were signed for a total additional 100 mscfd to be delivered in Port-Gentil and Libreville (ramp-up until 2015) to feed additional power generation plants and a petrochemical project.
Our robust exploration portfolio has been matured and five wells will be drilled within the next two years. The Portfolio was enlarged recently with the signing on 21st December 2012 of two new offshore blocks, Mono and Nkouene. On the Arouwe block, a deep offshore subsidiary impact prospect will be drilled in 2014.
The significant level of activity underlines the company's steady commitments to the country.
To celebrate 20 years of Perenco's presence in Gabon, the new headquarter building in Port-Gentil, currently under construction, will be delivered late 2013.