5.135 €
(86.05 %)
M&P working interest production for the first nine months of 2024: 36,288 boepd, up 30% compared with the first nine months of 2023
- M&P working interest production of 15,832 bopd in Gabon, up 1% from 2023
- M&P working interest production of 4,280 bopd in Angola, up 8% compared from 2023
- M&P working interest gas production of 62.5 mmcfd in Tanzania, up 26% from 2023
- M&P group working interest oil production of 5,753 bopd in Venezuela
Valued production of $461 million and sales of $559 million
- Sale price of oil was $83.2/bbl for the period, up 7% compared with 2023
- Service activities contributed $30 million to sales, and $78 million for trading of third-party oil
Substantial available liquidity ($238 million)
- Available liquidity of $238 million, including $171 million in cash and $67 million in undrawn RCF
- Net debt position of $2 million at 30 September 2024, down $118 million over the year (net debt stood at $120 million at 31 December 2023), after payment of the dividend in July
Award of the Etekamba permit and signature of a comprehensive agreement with the Gabonese Republic
- Social investment programme for the town of Lambaréné, particularly in the areas of housing and access to electricity
- Award of the Etekamba permit (EF-9), which encompasses several existing gas discoveries
- Adjustment of certain terms of the PSC for the Ezanga permit and extension of the associated exploration licence from 2026 to 2029
- Settlement concluding various issues under discussion with the tax authorities
Acquisition of stake in the Quilemba Solar power plant project in Angola
- Opportunity for M&P to diversify as part of an 80 MWp solar power generation project in Angola operated by TotalEnergies
- 19% stake in the project in partnership with TotalEnergies (51%) and Sonangol (30%)
- Phase 1 (35 MWp) is due to come on stream at the end of 2025; M&P's share of the construction costs for this phase is estimated at $7 million
Announcement on 1 October by the Nigerian President of the imminent approval of the acquisition by Seplat Energy (20.46% M&P) of ExxonMobil's conventional offshore assets in Nigeria
- Closing of the transaction expected by year-end 2024
Activity for the first nine months of 2024
