Perenco Rio del Rey commences five well drilling campaign on Kita Eden field, offshore Cameroon.

Campaign follows twenty-year license extension

Perenco Rio del Rey, one of Perenco’s Cameroon subsidiaries, is pleased to announce that it has commenced a five well development drilling campaign on the Kita Eden field, in the northern section of the Rio del Rey Basin.

As a result of its challenging shallow waters (4m) and strong currents, no drilling has taken place in this field since 1984.  However, Perenco and its services subsidiary, Dixstone, have successfully designed and built a shallow water barge specifically for the campaign.  The barge will complement Dixstone’s LUG platform, which over the past five years has delivered in excess of 16 million barrels of oil in Cameroon.

The drilling campaign forms part of Perenco Rio del Rey’s commitment following the 2023 signing of a twenty-year licence agreement with the Cameroon state and partner, Addax Petroleum Cameroon.

Armel Simondin, MD of Perenco Rio del Rey and Perenco Group CEO designate, commented:

“Once again, we are demonstrating our firm commitment and ability to unlock stranded reserves in very mature fields.  As a result of this campaign, Cameroon can look forward to the Kita Eden field still producing for decades to come.”

*Perenco