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:
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 (~ 133 wells drilled).
Our strategy is to leverage South American experience and capability to create shareholder value; we:
Explore our operating area.
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.