Perenco is currently the DRC's sole oil producer and is one of the largest investors in the country. Since our arrival in the region in 2000, the Company has extensively invested in new wells, secondary recovery, and improved operating practices.
The crude is stored on board the Kalamu floating terminal, which can store up to one million barrels of oil.
Perenco's ambitious onshore drilling program started in 2002, shortly after Perenco took over the DRC operation from Fina, and continued at an average rate of 25 wells per year. This was achieved by the combined use of the tailored SS-25 rig that drilled the vast majority of these wells. Perenco's own operating and service team performed all required services, including perforation, cementing, and directional drilling.
In 2012, onshore production exceeded expectations, at an average 11 000 bopd. This can be attributed to our ability to deliver a completed and tied-in well every 15 days, without compromising other fields and appraisal opportunities.
Offshore, Perenco halted natural decline with new producing wells drilled in 2012. Production is expected to increase significantly thanks to an additional eight month drilling campaign.
An exploration campaign will also be carried with 3D seismic and one exploration well.