Activity in the first half of 2024

Jul 18, 2024

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

Activity in the first half of 2024