Parex has achieved material reserves and production growth, while leveraging its exploration and costs know-how to remain a low cost operator. Here’s how:

Proven Management Track Record

Each member of the management team has over 25 years of experience in the oil and gas industry as well as Latin American exposure. This is coupled with Parex’ technical staff’s deep basin knowledge and operational experience.

why_parex

Strategic Operations

Our strategy is to leverage South American experience and capability to create shareholder value; we:

  • Target jurisdictions with stable fiscal regimes coupled with oil-prone hydrocarbon-rich basins in under-explored areas;
  • Apply proven technology used in the Western Canada Sedimentary Basin in basins with large oil-in-place potential;
  • Focus on short cycle time from discovery to bringing new reserves on-stream; and
  • Use a portfolio approach to manage subsurface and commercial risks.

Explore our operating area.

Self-Funded and Disciplined Growth

Parex is committed to a strong balance sheet that provides financial flexibility. The Company funds its capital programs primarily with cash flow generated from operations, thereby creating a sustainable business model for growth.

View summary of quarterly results