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Activity for the first 9 months of 2019

Oct 23, 2019
  • Group production for the first nine months of 2019: 30,442 boepd
    • Oil production in Gabon stable in Q3 with 20,654 bopd net to M&P’s working interest vs. 20,316 bopd in Q2
    • Gas production in Tanzania up in Q3 with 37.4 mmcfpd net to M&P’s working interest 28.2 mmcfpd in Q2
    • First contribution from Angola with 4,587 bopd net to M&P’s working interest (for the period 1 August to 30 September 2019)


  • US$393 million consolidated valued production (sales adjusted for lifting imbalances) over the first nine months of 2019, up 22% compared to 2018
    • Sales of US$371 million over the same period
    • Average oil sale price of 67.4 $/bbl


  • New producing asset in the Group's portfolio: Angola
    • 20% participation in Block 3/05 and Block 3/05A in shallow waters offshore Angola
    • Significant asset development potential
    • Group entry in Angola, a country with strong growth prospects
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