5.100 €
(0.89 %)
M&P working interest production in first-half 2024: 37,113 boepd, up 29% compared to the second half of 2023 (10% excluding Venezuela)
- M&P working interest production of 15,526 bopd in Gabon, an increase of 4% compared to the second half of 2023; Ezoe discovery in June, already in production
- M&P working interest production of 4,628 bopd in Angola, an increase of 4% compared to the second half of 2023
- M&P working interest gas production of 69.3 mmcfd in Tanzania, an increase of 24% compared to the second half of 2023
- M&P group working interest oil production of 5,412 bopd in Venezuela, newly included and unchanged since Q4 2023
Valued production of $310 million and sales of $412 million
- Average sale price of oil was $84.0/bbl over the period, unchanged from the second half of 2023 ($83.2/bbl)
- Service activities contributed $20 million to sales, with trading of third-party oil contributing $77 million
Positive net cash position and return of value created to shareholders
- Positive net cash position of $27 million as at 30 June 2024, an increase of $147 million over the six months ($120 million in net debt as at 31 December 2023)
- Dividend of €0.30 per share ($65 million in total) paid at the start of July
Download:
Activity in the first half of 2024
