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Parenco Oil and Gas

Company Summary

Description

Since Perenco was founded by Hubert Perrodo in 1975, the company has diversified to become the leading independent oil and gas company in Europe today. The company produces 465,000 BOEPD through its drilling, development and operations, thanks to its onshore and offshore presence in 14 countries.

Website

https://www.perenco.com/about-us

Recent news

  • 2/5/2019 - Geopark Sells La Cuerva... (subscriber access)

Company Transactions

Date: 3/30/2019
Type: Acquisition

BUYERS:
  • Parenco Oil and Gas
    • SELLERS:
  • GeoPark Limited
    • DETAILS:

    COST: 18 $MM

    NOTES:
    Geopark signed an agreement with Parenco Oil and Gas in November 2018 to sell the La Cuerva and Yamu blocks in Colombia for $18 million plus a contingent payment of $2 million based on future oil prices.
    REGIONS:
  • South America