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A worlwide presence, a diversified oil gas portfolio

As a mid-size oil & gas Company listed on the Paris market (in €), Maurel & Prom has proven experience as an oil operator with a presence in Africa and latin America. In 10 years, the Group has designed oil systems, drilled more than 100 exploration wells will a success rate of more than 46% and discovered major fields at minimum cost. Currently working in 10 countries on 4 continents, Maurel & Prom is extremely focused on exploration and maximisation of the value of its acreage. That is why the company’s management is comprised exclusively of professionals with strong track records in the oil & gas industry

P1 +P2 oil reserves, net of royalties at :

198 MMbbl

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Maurel & Prom : 12,89 € -4,20 %

NEWS

28 March 2013, at 11:00 am (Paris Time) : Webcast "2012 annual results presentation"

Letter to the shareholders

Emission d'Oceane 2014 - Emission d'Oceane 2015

PRESS RELEASE

  • Consequences of the drilling of HRT/GALP ENERGIA in Namibia
  • 2012 Annual Report available
  • Partnership agreement with MP Nigeria

PUBLICATIONS

  • 2012 Results Slideshow
  • 2012 Annual Report
  • Annual General Meeting of 14 June 2012 Slideshow
  • Consolidated financial statements as at 31/12/12
Key Dates

 

- 1813:

The company is formed.
Development of shipping lines and trading posts in West Africa.

 

- 1989-1996:

Activity is concentrated on the agribusiness industry.

 

- 1998-1999:

Strategic refocus on hydrocarbon exploration and production.
Stakes bought in oil permits.

 

- 2000:

Maurel & Prom and “Electricité et Eaux de Madagascar” part company.
Production begins on the Kouakouala field in Congo.
Timber business sold.
Transition from fixing to continuous pricing.
M&P’s share in oil production is 188 b/d.

 

- 2001:

Discovery of the M’Boundi field in Congo (Kouilou permit).
Stake taken in Pebercan in Cuba.
The drilling ship Energy Searcher is sold.
Agricultural businesses sold.
M&P’s share in oil production is 659 b/d.

 

- 2002:

Listed on the French Midcac market.
Heritage Oil’s rights in the Kouilou permit purchased in Congo.
Congo oil reserves double.
M&P’s share in oil production is 1 650 b/d.

 

- 2003:

Oil interests in Russia sold.
The aquaculture division is sold.
Development of M’Boundi starts.
M&P’s share in oil production is 3 588 b/d.
Drilling subsidiary Caroil is formed.

 

- 2004:

Exploration agreement signed in Tanzania.
Share per value divided by 10.
M’Boundi development accelerates.
M&P’s share in oil production is 10 695 b/d.

 

- 2005:

Oil permits purchased in Gabon.
Hocol group acquired (Colombia, Venezuela).
25% share bought in Sicily’s Panther Eureka Srl.
€375 million worth of OCEANEs issued.
Disengagement from the shipping business.
The M’Boundi field builds up capacity operated by Maurel & Prom.
M&P’s share in oil production is 37 622 b/d.
Payment of a dividend of €0,15.

 

- 2006:

DeGolyer & MacNaughton certify the reserves.
Delineation of the M’Boundi field in Congo completed (56 106 b/d).
Exploration in Gabon is a success.
Exclusive Operating Authorization requested and obtained from the Gabonese authorities in the Onal field.
Acquisition of six new exploration permits in Colombia.
Entry of Maurel & Prom in Syria.
M&P’s share in oil production is 45 449 b/d.
Payment of a dividend of €0,33.

 

- 2007:

Significant discoveries in Colombia.
A new gas potential in Tanzania. Block 116 acquired in Peru.
Assets sold to Eni in Congo for US$1.434 billion (M’Boundi and Kouakouala).
Goegraphical diversification of the drilling subsidiary Caroil.
First oil in Gabon with the Banio field.
Payment of a dividend of €1,20.
Change of the company’s governance in Conseil d’administration.

 

- 2008:

Acquisition of the Clarinero exploration permit.
Payment of a dividend of €1,20.
Omko discovery in Gabon.
Onal development.
Acquisition of 2 permits in Colombia.
Mandawa farm in in Tanzania.
Ocelote first oil in Colombia.

 

- 2009:

Hocol Colombia sale for US$740m.
Payment of a dividend of €0.35.
Onal & Omko first oil in Gabon.
Discovery of a new reservoir southeast of Onal in Gabon
Discovery of Omoc and Omgw fields in Gabon
Investment in assets of Artumas in Tanzania and in Mozambique.

 

- 2010:

Entry of Maurel & Prom in Nigeria.
Confirmation a the new Kissenda play in Gabon.
Payment of a dividend of €0.10.
Recomposition of the exploration portfolio in Tanzania.

 

- 2011:

Production start-up of Omoc and Omoc-Nord in Gabon.
Sale of MP Venezuela.
Strategic Alliance formed with Pacific Rubiales Energy in Colombia and Peru.
Sale of Caroil.
Distribution of Maurel & Prom Nigeria to Company shareholders.

 

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