Perenco celebrates 10 years of success in Congo

abarrelfullabarrelfull wrote on 09 Dec 2011 08:47
Tags: congo perenco upstream

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Perenco has celebrated the 10th anniversary of Congorep, its partnership vehicle with SNPC in Congo. To mark the occassion a ceremony was held in Pointe Noire which was attended by many distinguished guests and Perenco representatives, including Francois Perrodo. Since entering the region, Congorep has breathed new life into its reservoirs and significantly upgraded its facilities.

The 2001 recovery of the Emeraude field was a case study of Perenco's successful partnership with SNPC, the national oil company. From producing 4 000 barrels / day at the time of its acquisition, Emeraude now produces 10 000 bopd and a programme of investment is set to take production beyond the historic peak of 12 000 bopd (reached in November 2009).

In 2010, Congorep bought 65% of the Likoula Field and took over as operator. Likoula had been producing 6 000 bopd, which within months had increased by 33% to 8 000 bopd following the opening of new production areas.

Congorep's cumulative production now stands at 18 000 bopd, a result of ten years of effort and innovation.

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