Activity for the first nine months of 2020

Oct 22, 2020

 

  • Group working interest production for the first nine months of 2020: 26,458 boepd
    • M&P working interest production on the Ezanga permit of 17,500 bopd, down 14% from the same period in 2019, due to production cuts related to OPEC quotas
    • M&P working interest production of 4,002 bopd in Angola and 29.7 mmcfd in Tanzania

 

  • Valued production (revenue from production activities, excluding lifting imbalances) for the first nine months of 2020: $241 million
    • Down 37% compared to the same period in 2019, with the average sale price of oil down 44% to $37.8/bbl
    • Consolidated sales of $212 million for the first nine months of 2020

 

  • Solid financial position and ongoing paydown of debt
    • Cash position of $160 million at 30 September 2020
    • Debt repayments of $56 million since the start of the year
    • Cash breakeven before debt servicing reduced down to $30/bbl thanks to cost reduction initiatives
Video

M&P Italia : Seismic Project in Sicily

Aug 25, 2020

 

Presentation of the seismic project carried out by M&P Italia in Sicily.

Events

Webcast AGM 2020: 30 June 2020 (2.30 pm)

Jun 16, 2020
In light of the Covid-19 global pandemic and the efforts to combat its spread, and given the measures implemented by the government to restrict travel and mass gatherings, under the provisions of Order No. 2020-321 of 25 March 2020 adjusting the rules for meetings and deliberations of the shareholders and governing bodies of legal persons and entities without legal personality under private law due to the Covid-19 pandemic, Etablissements Maurel & Prom S.A.’s Combined Ordinary and Extraordinary General Shareholders’ Meeting will be held behind closed doors (à huis clos), i.e. without the physical presence of shareholders, on Tuesday, 30 June 2020 at 2.30pm at the Company’s head office located at 51, rue d’Anjou – 75008 Paris, France.
Publication

2019 Universal Registration Document

Apr 30, 2020
2019 Universal Registration Document
Publication

Q1 2020 activity - Date of the annual General Meeting

Apr 23, 2020

  • Working interest production of 28,916 boepd, a slight increase compared to Q4 2019
    • Working interest production of 19,594 boepd on Ezanga, a 5% increase

 

  • Valued production of $103 million, down 23% compared to Q4 2019
    • Valued production significantly impacted by the drop in oil price
    • Consolidated sales of $80 million after adjustment for the valuation of lifting rights at the end of March

 

  • Well positioned to face current market conditions
    • Active implementation of announced cost saving initiatives
    • Cash balance of $249 million at the end of March, an increase compared to December 2019 ($231 million)

 

  • Annual General Meeting of shareholders rescheduled to 30 June 2020
Events

Replay - FY 2019 Audio webcast

Apr 2, 2020
The English version will be available in the afternoon of Wednesday, April 1, 2020
Publication

2019 Annual Résults

Apr 1, 2020
2019: sound financial results led by operational delivery
EHS-S

Maurel & Prom gets A- score on the CDP for the second consecutive year

Jan 28, 2020

Since 2015, Maurel & Prom has participated in the CDP study which aims to assess the impact of large listed companies on climate change and and sets the standard for climate rating.
With an A- score for the second consecutive year, Maurel & Prom confirms its ranking among a list of companies perceived internationally for their transparency in terms of climate reporting.

This note rewards Maurel & Prom's efforts in terms of managing its environmental footprint and is part of the Group's commitments to sustainable development.