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PERENCO RIO DEL REY, has awarded its biggest ever on/offshore safety training contract to NIST

Perenco has operated in Cameroon since 1993, working as a close partner to the National Oil Company, SNH. Perenco operates and produces from the Rio Del Rey, Moudi and Ebome Marine concessions.  Perenco also operates four Production Sharing Contracts, two in production (oil from Dissoni North and gas from Sanaga South) and two in the exploration phase (Elombo in the Douala Campo basin and Moabi in the Rio Del Rey basin). The Mokoko-Abana concession, where Perenco holds a 10% interest, is operated by Addax Petroleum Cameroon Company (APCC).
In 2011, Perenco completed the acquisition of Total’s upstream interests. The company is now the leading operator in the country, with an area of operations extending over 6 000 km² in the Rio del Rey and Douala basins, and operated production in Oil and Gas of 58 000 boepd (55 000 bopd and 28 MMscfd), with reserves of 173 million barrels and gas resources of more than 3 TCF.
Perenco is constantly looking for ways to optimise operations and to reduce operating costs. A prime example was the replacement of two FSOs (Moudi and Kingsway) at the end of 2012 with a single oil terminal named FSO Massongo, a 272 000 DWT converted tanker storing both Lokelé and Kolé crude. The single oil terminal is owned and operated by the Cameroon Oil Terminal SA (COTSA), an affiliate of Perenco and SNH.
On the production side, an important number of well interventions are being completed per year, in order to adapt to the reservoir conditions and optimise recovery. Various teams are permanently dedicated to the work-over of wells, perforate new reservoirs, perform acid stimulation and optimise the water injection in the numerous reservoirs operated. This continuous well by well work, in addition to nearby exploration development (Dissoni North, Inter Inoua Barombi), was rewarded by a 20% increase in production over a three year period.
Sanaga is the first offshore gas field to be developed in Cameroon to feed a third party power plant, which highlights the growing power demand in the country. The two gas wells are producing from an offshore production module, and exported to a gas processing plant at Kribi. The project was developed by Perenco using innovative solutions and first commercial gas was delivered on time in 2013 to SNH for the final user the 216 MW Kribi Power Plant.
Perenco is also involved in studying other gas projects in Cameroon. Gas will be a relay in the growing strategy of the company. Perenco is active in proposing gas projects in addition to the large Cameroon LNG project lead by GDF Suez.
In 2013 Perenco signed a production sharing contract for oil exploration in the Moabi block (formerly the Mondoni permit) located in the Rio Del Rey basin. The first well is expected to be drilled and tested in 2015 on the Tiko prospect.

ON/OFFSHORE SAFETY TRAINING CONTRACT AWARD TO NOIAA LTD., which is a subsidiary of NOIAA CORP., based in 6250 West Park Dr. (Suite 218) Houston Texas 77057 USA
PERENCO RIO DEL REY,, has made the best decision so far to hands her ON/OFFSHORE  Safety Trainings contracts to NOIAA LTD., which is a subsidiary of NOIAA CORP. based in 6250 West Park Dr. (Suite 218) Houston Texas 77057 USA.
Mr. Jeff MAAS, who is NOIAA CORP, Vice President & Chief Operating Officer, based in Houston Office, said during the signing ceremony, PERENCO, will benefit a lot from NOIAA in terms of modern safety trainings as our instructors are always attending refresher courses every year here in Houston and in Aberdeen UK
I have been expecting this time for so long, said Mr. Elliot SYCAMORE, NOIAA LTD., Africa VP & Chief Operating Officer for Africa Operations, resident in Douala-Cameroon, during the signing  ceremony, Elliot also promised to supervise the training himself so that, Perenco workers who will attend the training will be selling our company services worldwide.
Mr. Chris YOK, who is NOIAA's Chief Executive Officer, said after the signing of the On/Offshore Safety Training  contract , he knew times like this will come, because his company has invested more than Six Billion Franc CFA in the construction of a modern On/Offshore / Maritime Training & Accommodation Centre in the South West Region of Cameroon, near the Cameroon National Oil Refinery (SONARA) and the Cameroon Ship Yard Engineering (CNIC) called in French Chantie Naval, he also said he is expecting more contracts in months to come, as we are the best in Africa in terms of both on and offshore trainings.
Management could not be drawn upon to disclose the value of the contract.



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