Perenco Surges Past Production Targets With New Wells in Chad

Group 1: Oil Production in Chad - Perenco has increased its oil production capacity in Chad to over 18,000 barrels per day (bpd), exceeding the initial target of 16,000 bpd set three years ago [1] - The drilling campaign at Badila included 12 new wells, contributing a peak production of 7,000 bpd, with eight horizontal wells targeting the Upper Cretaceous reservoir [2] - The project also involved the installation of four gas turbines for power generation and upgrades to processing facilities to accommodate higher output [2] Group 2: Future Developments and Investments - The GWDC rig has moved to the Krim development in the Doba Basin for an upcoming eight-well campaign [3] - Perenco is constructing Kombi 2 in the Republic of the Congo, expected to produce approximately 7 million cubic feet of gas per day and unlock an additional 10 million barrels of reserves [4] - Kombi 2 is part of a broader $200 million investment, with a larger $900 million long-term program supporting workovers, drilling, and new infrastructure [5] Group 3: Contribution to Overall Output - Perenco's Congo-Brazzaville portfolio contributed 75,000 barrels of oil equivalent per day (boe/d) to the company's output last year, driven by strong performance in various fields and new permits [6]