Perenco grows in Turkey, Egypt; departs US

Perenco, a private Paris-based independent, acquired exploration and development projects in Turkey and Egypt and sold its interests in the US.Perenco acquired from Chevron Corp. a 50% interest in the Silopi exploration block in southeastern Turkey near the Iraq border. A seismic survey will be acquired this year, and in 2006 Perenco will be responsible for drilling an exploration well. State TPAO has an option for a 50% interest if a commercial discovery is made.Perenco was already Turkey’s largest foreign producer with operations in eight fields around Diyarbakir.Perenco acquired, subject to formal approval by Egyptian General Petroleum Corp., BP Egypt’s 30% interest in the ...

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