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Colombia

Perenco has been operating in Colombia since the acquisition of Elf Aquitaine Colombia SA assets in the llanos in 1993.

Following the completion of further successful transactions, namely the 2011 acquisition of the Oropendola and Vireo fields and the recent major acquisition of  Petrobras Colombia in 2014, Perenco's operated and non operated production is now in excess of 35 000 bopd (end of June 2014).

The acquisition of Petrobras Colombia's (PEC) assets was concluded on April 30th 2014, this included interests in 11 onshore exploration and production blocks and participation in the Colombia and Alto Magdalena oil pipelines. Perenco assumed operatorship of PEC's assets on May 1st and these assets are now known as Perenco Oil and Gas Colombia Limited.

In Casanare, Perenco is the operator of a large number of contracts including five association contracts (Casanare, Estero, Garcero, Corocora, Orocue), four ANH contracts (Oropendola, Balay, Llanos-45 and Cerrero blocks) and one concession contract (Yalea.)

In Tolima, Perenco is the operator of the Boqueron and Espinal association contracts. Guando is one of the three largest discoveries made in Colombia in the last 15 years.

Perenco has a share in seven non-operated contracts in both exploration and production phases,  three in Casanare (Tiple, Puntero and Merecure blocks), two in Huila (San Jacinto and Rio Paez blocks), one in Cordoba (Sinu-3 block, (ANH round 2012) in exploration phase, and one in La Guarija (CR-1 block, in exploration phase.)

Historically operations in Colombia have focused on developing isolated fields in Casanare, spread over 9 000 kmĀ², and integrating them into a single operation. Perenco has succeeded in making these remote sites economical by rationalising operational costs, and by developing social programs over more than 60 veredades and 8 municipalities where 10 000 families have directly benefited from health, education and infrastructure projects during 2013.

The 2013 drilling campaign included six development wells and 30 well interventions (production optimization, oil behind casing, ESP changes, etc). In total these wells have added close to 4 000 bopd through production optimization.

In 2014, Perenco drilled several successful exploration wells and continues with its infill campaign in the Llanos. A drilling campaign on Guando field is in preparation.

Perenco has been successfully qualified for the ANH 2014 Bid Round.



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