Perenco has operated in Cameroon since 1993, working as a close partner to the state energy company, SNH. Perenco's assets include interests in the Rio Del Rey, Moudi, Ebome Marine and Mokoko-Abana concessions, the Sanaga Sud gas permit, Dissoni North exploitation permit and the Elombo exploration permit.
In 2011, Perenco completed the acquisition of Total's upstream interests. The Company is the leading operator in the country, with an area of operations extending to over 6 000 km² in the Rio del Rey and Douala basins and operated production of 47 000 bopd, with reserves of 173 million barrels and gas resources of 2 Tcf.
On the Ebome Marine permit, Perenco has constantly offset the natural production decline with a successful programme of satellite developments in the KF, KB and BaF fields. This pattern is continuing as further appraisal drilling in BaF in 2012 has proved additional oil reserves in the western part of the field.
Dissoni North is a new oil development situated approximately 20 km east of the Rio del Rey concession. This project consists of six development wells, the installation of two unmanned minimal platforms, and pipelines for export and processing to Rio del Rey East. First oil is expected in 2013.
Perenco is constantly looking for ways to optimize operations and to reduce operating costs. A prime example is the replacement of two FSOs (Moudi and Kingsway) at the end of 2012 with a single oil terminal FSO Massongo, a 270 000 DWT converted tanker capable of dual storage for Lokelé and Kolé crude. The single oil terminal is owned by the Cameroon Oil Terminal SA (COTSA), an affiliate of Perenco and SNH, the National Oil Company.
Sanaga is the first offshore gas field to be developed in Cameroon to supplement the growing energy demand in the country. This development consists of the construction and installation of a new offshore production module, drilling of two gas wells, pipelaying, and building a new onshore processing plant at Kribi. Commercial first gas is expected in 2013.
Perenco is also involved in studying gas supply to feed the large Cameroon LNG project which is planned to start in the near future.
In 2010 Perenco signed a production sharing contract for oil exploration in the Elombo block (formerly Ebodje permit) situated in the Douala/Kribi-Campo basin. The first exploration well is ready to be drilled in the shallow water early in 2013, while a deep-water well is planned for later in the year.
SNH, Exxon Mobil, Kosmos
Current gross production