Perenco began production operations in Gabon in 1992 with the acquisition of developed fields offshore Port-Gentil. Twenty years later, annual average production reached 60 000 boepd in 2013. 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 2013, Perenco's gross investment in the country amounted to USD 500 million. Five rigs will be in operation in 2014 and 30 new wells will be drilled. To sustain the long term development of the subsidiary, major infrastructure projects will also be delivered including 200 km of additional pipelines network, the replacement of a FSO unit, new producing off-shore platforms, treatment and compression gas station and a water treatment 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-long pipeline.
Together with the extension of its main Convention contract, granted until 31 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 MMscfd to be delivered in Port-Gentil and Libreville (ramp-up until 2015) to feed additional power generation plants and a petrochemical project.
The Project is progressing well and as of 1st January 2014, Perenco had developed and commissioned its production capacity to meet its gas to power commitments to the State in Libreville and Port-Gentil.
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 21 December 2012 of two new offshore blocks, Mono and Nkouene. A drillship will join the operation in Q2 2014 to drill a deep-off shore well on the Arouwe exploration licence.
The significant level of activity underlines the company's commitment to the country. To celebrate 20 years of Perenco's presence in Gabon, the new headquarters building in Port-Gentil, currently under construction, will be delivered in 2014.