Being bold is what makes us leaders in the delivery of smart solutions in oil and gas production from mature and marginal fields. What makes us successful over the long term is our capacity to find the appropriate solution for each specific problem, even if - or even more so - we have to invent it.

“Being bold is what makes us leaders in the delivery of smart solutions in oil and gas production from mature and marginal fields. What makes us successful over the long term is our capacity to find the appropriate solution for each specific problem, even if - or even more so - we have to invent it."

Benoît de la Fouchardière,

CEO

perenco group perenco group

5°1'38"S
11°34'18''E

Founding spirit

BOLD FROM THE BEGINNING.Our founder, Hubert Perrodo, was a man ahead of his time. Perenco was created from his entrepreneurial vision, after he found a gap in the market in mature oil and gas fields. The son of a French fisherman, he started a rental company for service barges in 1975. Going onto become a ship-owner in his own right. In 1981 he founded the drilling company Techfor, reselling it in 1992 to focus on the acquisition of oil and gas interests. Perrodo Energy Company - Perenco - was born, with Hubert quickly focusing on the operation of mature and marginal oil fields. perenco TODAY.His relentless capacity for transformation means we are now a leading international independent hydrocarbon company. We're a growing family business, still guided by his core values: responsibility, excellence and passion. Hubert’s son, François, took over in 2006, pushing our engineers to innovate and putting operations back at the heart of the business. As well as further expanding the company in the Caribbean, Central Africa, Latin America and South East Asia. Leading us successfully through global financial crisis, including the price of a barrel of oil hitting historic lows, and the Covid-19 pandemic.
BOLD FROM THE BEGINNING

Our founder, Hubert Perrodo, was a man ahead of his time.
Perenco was created from his entrepreneurial vision, after he found a gap in the market in mature oil and gas fields.
The son of a French fisherman, he started a rental company for service barges in 1975. Going onto become a ship-owner in his own right.
In 1981 he founded the drilling company Techfor, reselling it in 1992 to focus on the acquisition of oil and gas interests.
Perrodo Energy Company - Perenco - was born, with Hubert quickly focusing on the operation of mature and marginal oil fields.

perenco TODAY

His relentless capacity for transformation means we are now a leading international independent hydrocarbon company.
We're a growing family business, still guided by his core values: responsibility, excellence and passion.
Hubert’s son, François, took over in 2006, pushing our engineers to innovate and putting operations back at the heart of the business.
As well as further expanding the company in the Caribbean, Central Africa, Latin America and South East Asia.
Leading us successfully through global financial crisis, including the price of a barrel of oil hitting historic lows, and the Covid-19 pandemic.

perenco

4°7'54"S
8°28'41''E

“Our company is one of a kind, just like the made-to-measure solutions we create.
We do things differently."

François Perrodo,

Chairman

Overview

Perenco by numbers .Perenco was created from an entrepreneurial vision. It's now a leading international independent hydrocarbon company. But more than that - Perenco is a spirit. Numbers don't tell the whole story, but they do give you a good idea of who we are. Let’s take a look.

Perenco by numbers

Perenco was created from an entrepreneurial vision.
It's now a leading international independent hydrocarbon company.
But more than that - Perenco is a spirit.
Numbers don't tell the whole story, but they do give you a good idea of who we are.
Let’s take a look.

History

Perenco is a leading independent oil and gas company started by Hubert Perrodo. His vision for mature fields was ahead of its time and has allowed us to grow sustainably since 1992. This growth mindset has been reinforced under the leadership of his son François. While we’re future-focused, we’re incredibly proud of our journey so far.

Perenco is a leading independent oil and gas company started by Hubert Perrodo.
His vision for mature fields was ahead of its time and has allowed us to grow sustainably since 1992.
This growth mindset has been reinforced under the leadership of his son François.
While we’re future-focused, we’re incredibly proud of our journey so far.

  • First offshore oil field

    Hubert Perrodo acquires his first offshore oil field from Amoco in Gabon and creates a business model which becomes the Perenco we know today.

  • New Markets
    1993 > 2003

    Perenco builds a global portfolio with assets in Colombia, Cameroon, the Democratic Republic of Congo, Guatemala, the North Sea, the Republic of Congo, Turkey, Tunisia and Venezuela.

  • François Perrodo takes the helm

    François Perrodo takes over the running of the company after the loss of his father.

  • New assets
    2011 > 2016

    Perenco continues to develop its oil and gas production. External growth is measured in Cameroon, Colombia, the Republic of Congo, the United Kingdom and Vietnam.

  • A New Strategy

    From 2017 onwards Perenco centres its new strategy on operations and projects through innovation. Reinventing the future of exploration-production in the countries where we operate. All the while we’re expanding - with new assets in Brazil, Chad, Gabon, Mexico, the Republic of Congo and Trinidad & Tobago.

Values

Your values guide everything you do. The same is true at Perenco. We believe in creating shared value wherever we operate and in being responsible. Our Values in action mean looking closely at why, and how, we work in the places we do.

Your values guide everything you do.
The same is true at Perenco.
We believe in creating shared value wherever we operate and in being responsible.
Our Values in action mean looking closely at why, and how, we work in the places we do.

  • Passion
  • Responsibility
  • Courage
  • Integrity
  • Humility
  • Confidence
  • Optimism

“We take ownership of every single aspect of every project we work on, wherever that may take us. We push the limits of what’s possible. It’s what drives us every day. It’s our DNA.”

Paul Lende, Production Manager

“We can be bold because we act responsibly. Being responsible means being committed."

Blood Dombi Tchiappy, Production Technician

“Bold by nature goes over and above a tagline at Perenco. We just get on with it. And if we make a mistake we know it's just part of the learning process."

Maria-Victoria Bernal Ramirez, Administrative Manager

“Our partners know we act with integrity, wherever we are and whatever the situation. That’s why they rely on us."

Alexandra Bembatoum, Legal Manager

“We know one size doesn't fit all, which is why we’re known for our made-to-measure solutions. We rework, redesign and review constantly."

Francisco Ochoa Natareno, Operations Manager

“We create value where others have moved on. So we do, and think, differently. That means being bold, being creative and pushing boundaries."

Christopher Smith, Offshore Safety Technician

“The Perenco way is to think “How can we do that?” even if we’ve been told it’s impossible."

Hong Thong Dang, Chief Operations Geologist

  • Passion

    “We take ownership of every single aspect of every project we work on, wherever that may take us. We push the limits of what’s possible. It’s what drives us every day. It’s our DNA.”

    Paul Lende, Production Manager

    Paul Lende
    Production Manager

  • Responsibility

    “We can be bold because we act responsibly. Being responsible means being committed."

    Blood Dombi Tchiappy, Production Technician

    Blood Dombi Tchiappy
    Production Technician

  • Courage

    “Bold by nature goes over and above a tagline at Perenco. We just get on with it. And if we make a mistake we know it's just part of the learning process."

    Maria-Victoria Bernal Ramirez, Administrative Manager

    Maria-Victoria Bernal Ramirez
    Administrative Manager

  • Integrity

    “Our partners know we act with integrity, wherever we are and whatever the situation. That’s why they rely on us."

    Alexandra Bembatoum, Legal Manager

    Alexandra Bembatoum
    Legal Manager

  • Humility

    “We know one size doesn't fit all, which is why we’re known for our made-to-measure solutions. We rework, redesign and review constantly."

    Francisco Ochoa Natareno, Operations Manager

    Francisco Ochoa Natareno
    Operations Manager

  • Confidence

    “We create value where others have moved on. So we do, and think, differently. That means being bold, being creative and pushing boundaries."

    Christopher Smith, Offshore Safety Technician

    Christopher Smith
    Offshore Safety Technician

  • Optimism

    “The Perenco way is to think “How can we do that?” even if we’ve been told it’s impossible."

    Hong Thong Dang, Chief Operations Geologist

    Hong Thong Dang
    Chief Operations Geologist

Strategy

After 30 years of technical and geographical adventures, a new cycle is opening now for Perenco. Gas will be more and more important in the company in accordance with the host countries’ energy transition policies. We’ll do more locally to support its development and more internationally to feed it with new innovations. We know there is much more that can be done in these countries and with these fields. There are unlimited resources to be found in what already exists, is a good way to summarize our next chapter.

After 30 years of technical and geographical adventures, a new cycle is opening now for Perenco.

Gas will be more and more important in the company in accordance with the host countries’ energy transition policies.

We’ll do more locally to support its development and more internationally to feed it with new innovations.

We know there is much more that can be done in these countries and with these fields. There are unlimited resources to be found in what already exists, is a good way to summarize our next chapter.

  • Our people
  • Being independent
  • Working responsibly
  • Future-focused

Our people

Our teams continue to find simple, practical solutions to complex technical problems related to exploration and production of oil and gas. Since 2016 we’ve been developing the business by being bolder in the way we work across the value chain, from exploration to decommissioning, without compromising on our integrity or the safety of our people and the environment. We are constantly improving our knowledge base, by making training more accessible and adapted, as well as deepening our innovative techniques in drilling, construction and production. We’ve created new jobs - jobs of the future - to support this growth. This has allowed us to really cement our company savoir-faire, to share skills and increase awareness of Perenco’s core values in our teams around the world.

Our teams continue to find simple, practical solutions to complex technical problems related to exploration and production of oil and gas.

Since 2016 we’ve been developing the business by being bolder in the way we work across the value chain, from exploration to decommissioning, without compromising on our integrity or the safety of our people and the environment.

We are constantly improving our knowledge base, by making training more accessible and adapted, as well as deepening our innovative techniques in drilling, construction and production.

We’ve created new jobs - jobs of the future - to support this growth.

This has allowed us to really cement our company savoir-faire, to share skills and increase awareness of Perenco’s core values in our teams around the world.

Being independent

We can’t let oil prices dictate how we approach problems in our sector. We must find solutions, no matter what, it is a technical decision, not a financial one. We have to stay independent and future-focused, and for that we rely on the expertise of our teams across the lifecycle of our sites. Keeping annual investment at the appropriate level ensures the renewal of reserves and keeps oil and gas production delivery consistent.

We can’t let oil prices dictate how we approach problems in our sector. We must find solutions, no matter what, it is a technical decision, not a financial one.

We have to stay independent and future-focused, and for that we rely on the expertise of our teams across the lifecycle of our sites.

Keeping annual investment at the appropriate level ensures the renewal of reserves and keeps oil and gas production delivery consistent.

Working responsibly

Day-to-day Perenco is 100% committed to its stakeholders’ priorities, leading by example in safety and environmental protection. Our made-to-measure approach on each of our sites reduces the effect we have on the ecosystems that surround them. Our most important resource is our people. We bring out local resources and support their development over time. We have breathed new life into old platforms by recycling. Where needed, we’ve created state-of-the-art solutions on sites - which reduce the overall impact of our projects. We have patented many of our innovations. We have diversified into decommissioning to restore oil and gas installations to their original state, with projects in the North Sea and Africa. We have a positive impact at a local level. We participate in the development of host countries by completing projects of national interest in oil and gas but also by providing the products that they need (LPG, Gas to Power, Gas to Industry). We help communities become more self-sufficient through projects such as fish farming, agroforestry, and by helping to improve healthcare and infrastructure.

Day-to-day Perenco is 100% committed to its stakeholders’ priorities, leading by example in safety and environmental protection.

Our made-to-measure approach on each of our sites reduces the effect we have on the ecosystems that surround them.

Our most important resource is our people. We bring out local resources and support their development over time. We have breathed new life into old platforms by recycling.

Where needed, we’ve created state-of-the-art solutions on sites - which reduce the overall impact of our projects.

We have patented many of our innovations.

We have diversified into decommissioning to restore oil and gas installations to their original state, with projects in the North Sea and Africa.

We have a positive impact at a local level. We participate in the development of host countries by completing projects of national interest in oil and gas but also by providing the products that they need (LPG, Gas to Power, Gas to Industry). We help communities become more self-sufficient through projects such as fish farming, agroforestry, and by helping to improve healthcare and infrastructure.

Future-focused

Being responsible, as well as bold, is essential. The challenges are bigger in tougher environments. When we take over a new field, we rethink everything. This is key for the future. Social and environmental impact is always at the top of our list of priorities. We know we still have a lot more to do and a lot more to discover. We’ve proved that being bold and being a good partner generates resources that were not accessible before.

Being responsible, as well as bold, is essential.

The challenges are bigger in tougher environments.
When we take over a new field, we rethink everything. This is key for the future.
Social and environmental impact is always at the top of our list of priorities.

We know we still have a lot more to do and a lot more to discover.
We’ve proved that being bold and being a good partner generates resources that were not accessible before.

Our teams continue to find simple, practical solutions to complex technical problems related to exploration and production of oil and gas. Since 2016 we’ve been developing the business by being bolder in the way we work across the value chain, from exploration to decommissioning, without compromising on our integrity or the safety of our people and the environment. We are constantly improving our knowledge base, by making training more accessible and adapted, as well as deepening our innovative techniques in drilling, construction and production. We’ve created new jobs - jobs of the future - to support this growth. This has allowed us to really cement our company savoir-faire, to share skills and increase awareness of Perenco’s core values in our teams around the world.
Our teams continue to find simple, practical solutions to complex technical problems related to exploration and production of oil and gas.

Since 2016 we’ve been developing the business by being bolder in the way we work across the value chain, from exploration to decommissioning, without compromising on our integrity or the safety of our people and the environment.

We are constantly improving our knowledge base, by making training more accessible and adapted, as well as deepening our innovative techniques in drilling, construction and production.

We’ve created new jobs - jobs of the future - to support this growth.

This has allowed us to really cement our company savoir-faire, to share skills and increase awareness of Perenco’s core values in our teams around the world.
We can’t let oil prices dictate how we approach problems in our sector. We must find solutions, no matter what, it is a technical decision, not a financial one. We have to stay independent and future-focused, and for that we rely on the expertise of our teams across the lifecycle of our sites. Keeping annual investment at the appropriate level ensures the renewal of reserves and keeps oil and gas production delivery consistent.
We can’t let oil prices dictate how we approach problems in our sector. We must find solutions, no matter what, it is a technical decision, not a financial one.

We have to stay independent and future-focused, and for that we rely on the expertise of our teams across the lifecycle of our sites.

Keeping annual investment at the appropriate level ensures the renewal of reserves and keeps oil and gas production delivery consistent.
Day-to-day Perenco is 100% committed to its stakeholders’ priorities, leading by example in safety and environmental protection. Our made-to-measure approach on each of our sites reduces the effect we have on the ecosystems that surround them. Our most important resource is our people. We bring out local resources and support their development over time. We have breathed new life into old platforms by recycling. Where needed, we’ve created state-of-the-art solutions on sites - which reduce the overall impact of our projects. We have patented many of our innovations. We have diversified into decommissioning to restore oil and gas installations to their original state, with projects in the North Sea and Africa. We have a positive impact at a local level. We participate in the development of host countries by completing projects of national interest in oil and gas but also by providing the products that they need (LPG, Gas to Power, Gas to Industry). We help communities become more self-sufficient through projects such as fish farming, agroforestry, and by helping to improve healthcare and infrastructure.
Day-to-day Perenco is 100% committed to its stakeholders’ priorities, leading by example in safety and environmental protection.

Our made-to-measure approach on each of our sites reduces the effect we have on the ecosystems that surround them.

Our most important resource is our people. We bring out local resources and support their development over time. We have breathed new life into old platforms by recycling.

Where needed, we’ve created state-of-the-art solutions on sites - which reduce the overall impact of our projects.

We have patented many of our innovations.

We have diversified into decommissioning to restore oil and gas installations to their original state, with projects in the North Sea and Africa.

We have a positive impact at a local level. We participate in the development of host countries by completing projects of national interest in oil and gas but also by providing the products that they need (LPG, Gas to Power, Gas to Industry). We help communities become more self-sufficient through projects such as fish farming, agroforestry, and by helping to improve healthcare and infrastructure.
Being responsible, as well as bold, is essential. The challenges are bigger in tougher environments. When we take over a new field, we rethink everything. This is key for the future. Social and environmental impact is always at the top of our list of priorities. We know we still have a lot more to do and a lot more to discover. We’ve proved that being bold and being a good partner generates resources that were not accessible before.
Being responsible, as well as bold, is essential.

The challenges are bigger in tougher environments.
When we take over a new field, we rethink everything. This is key for the future.
Social and environmental impact is always at the top of our list of priorities.

We know we still have a lot more to do and a lot more to discover.
We’ve proved that being bold and being a good partner generates resources that were not accessible before.
Producing Countries

QHSE (Quality, Health, Safety & Environment)

QHSE

THE perenco APPROACH.QUALITY: We work to the highest global standards across all our operational sites. HEALTH: Production sites all have healthcare and first-aid facilities as well as training, evacuation and emergency response plans. SAFETY: Our people are trained in operational security, crisis management and get standardised technical training based on their roles. Teams complete a thorough QHSE induction before entering any site. ENVIRONMENT: We regularly assess the impact of our operations on the environment with technical studies and appropriate responses. Preserving and protecting the environment is a key element of our operational activities.
THE perenco APPROACH

QUALITY: We work to the highest global standards across all our operational sites.

HEALTH: Production sites all have healthcare and first-aid facilities as well as training, evacuation and emergency response plans.

SAFETY: Our people are trained in operational security, crisis management and get standardised technical training based on their roles. Teams complete a thorough QHSE induction before entering any site.

ENVIRONMENT: We regularly assess the impact of our operations on the environment with technical studies and appropriate responses. Preserving and protecting the environment is a key element of our operational activities.

perenco

4°28’21"S
11°5’26"E

“At Perenco we operate in some of the world’s most challenging environments for oil and gas production, working safely and responsibly is absolutely key to our success."

“At Perenco we operate in some of the world’s most challenging environments for oil and gas production, working safely and responsibly is absolutely key to our success."

Éric d'Argentré,

Group Director QHSE

OUR ACTIONS ON QHSE.WE ANTICIPATE THE RISKS: Preparation for potential hazards improves performance. WE TRAIN OUR TEAMS: Each and every member of our teams get training in QHSE. WE ENCOURAGE PEOPLE TO SPEAK UP: Raise a problem quickly and we’ll find the solution together.
OUR ACTIONS ON QHSE

WE ANTICIPATE THE RISKS: Preparation for potential hazards improves performance.

WE TRAIN OUR TEAMS: Each and every member of our teams get training in QHSE.

WE ENCOURAGE PEOPLE TO SPEAK UP: Raise a problem quickly and we’ll find the solution together.

perenco

4°28’21"S
11°5’26"E

Sustainability

Sustainability

Perenco can look back on 30 years of excellent relations with our partners. First, with the countries where we invest and operate. Then, with the communities who benefit from our support on a wide range of initiatives, from access to water and electricity to infrastructure, education and health Sustainable development is a fundamental element of Perenco’s long-term value proposition. We are committed to meeting the highest possible Environmental, Social and Governance standards. We have placed Sustainability at the core of our strategy. Our Sustainability Report aims to provide an overview of our ESG commitments including climate risk management, which remains a challenge for our industry. We have set ourselves ambitious emissions reductions objectives for 2030. This report demonstrates our determination to responsibly produce oil and gas at the lowest possible carbon emission cost, while contributing to the development of our host countries. With the objective to continuously improve, we aim to align our report with international ESG reporting standards (GRI, IPIECA, SASB). In particular, we have initiated the process to obtain an independent assurance statement on our Sustainability Report. Sustainability was at the core of our activities long before it became a global concern and the ESG reporting trend started to develop. Our “Sustainability” report reflects our ESG commitments and disclose our roadmap for the future.

Perenco can look back on 30 years of excellent relations with our partners. First, with the countries where we invest and operate. Then, with the communities who benefit from our support on a wide range of initiatives, from access to water and electricity to infrastructure, education and health

Sustainable development is a fundamental element of Perenco’s long-term value proposition. We are committed to meeting the highest possible Environmental, Social and Governance standards. We have placed Sustainability at the core of our strategy. Our Sustainability Report aims to provide an overview of our ESG commitments including climate risk management, which remains a challenge for our industry. We have set ourselves ambitious emissions reductions objectives for 2030. This report demonstrates our determination to responsibly produce oil and gas at the lowest possible carbon emission cost, while contributing to the development of our host countries.

With the objective to continuously improve, we aim to align our report with international ESG reporting standards (GRI, IPIECA, SASB). In particular, we have initiated the process to obtain an independent assurance statement on our Sustainability Report.

Sustainability was at the core of our activities long before it became a global concern and the ESG reporting trend started to develop. Our “Sustainability” report reflects our ESG commitments and disclose our roadmap for the future.

Perenco can look back on 30 years of excellent relations with our partners. First, with the countries where we invest and operate. Then, with the communities who benefit from our support on a wide range of initiatives, from access to water and electricity to infrastructure, education and health

Sustainable development is a fundamental element of Perenco’s long-term value proposition. We are committed to meeting the highest possible Environmental, Social and Governance standards. We have placed Sustainability at the core of our strategy. Our Sustainability Report aims to provide an overview of our ESG commitments including climate risk management, which remains a challenge for our industry. We have set ourselves ambitious emissions reductions objectives for 2030. This report demonstrates our determination to responsibly produce oil and gas at the lowest possible carbon emission cost, while contributing to the development of our host countries.

With the objective to continuously improve, we aim to align our report with international ESG reporting standards (GRI, IPIECA, SASB). In particular, we have initiated the process to obtain an independent assurance statement on our Sustainability Report.

Sustainability was at the core of our activities long before it became a global concern and the ESG reporting trend started to develop. Our “Sustainability” report reflects our ESG commitments and disclose our roadmap for the future.

See more

perenco

4°7'54"S
8°28'41''E

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perenco

4°7'54"S
8°28'41''E