4.484 €
(-0.66 %)
OVERVIEW OF M&P GROUP
Maurel & Prom is an oil and gas exploration and production company listed on the regulated market of Euronext Paris.
With a history of almost two centuries, Maurel & Prom has, both at its headquarters in Paris and in its subsidiaries, a solid technical expertise and a long operational experience, especially in Africa. The Group has a portfolio of high - potential assets focused on Africa and Latin America, consisting of both production assets and opportunities in the exploration or appraisal phase.
The Group also holds a 20.46% stake in Seplat, one of Nigeria’s main operators that is listed on the stock exchanges of London and Lagos.
Maurel & Prom also has financial support from its majority shareholder, the Indonesian national oil company Pertamina.
Key Figures
36,222 boepd
production M&P share 2024
$808 million
Sales 2024
+700
employees (90% in Africa)
244 mmboe
WI gross 2P reserves at 31/12/2024
61,4 MMcf/d
gas production M&P share in Tanzania in 2024
$33 m
Net cash position at 31/12/2024
Our History
- Resumption of operations in Venezuela
- Acquisition of Wentworth Resources (Tanzania)
- 1st ESG Roadmap 2030/2050
- 1st Energy and Climate Transition policy
- Acquisition of Shell’s stake in the Urdaneta West field in Venezuela
- Entry into Angola
- Creation of M&P Trading
- Entry into Angola
- Participation in the Urdaneta Oeste field
- Pertamina acquires a stake in M&P
- Acquisition of a stake in Seplat Energy (Nigeria)
- Entry into Gabon, Tanzania, Colombia and Venezuela
- Listing on Euronext
- Discovery of the M’Boundi field in Congo
- Creation of Maurel & Prom, an operator of shipping lines between France and West Africa
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