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.

 

1 Gabon
Ezanga
Production - M&P 80% (operator) Exploration - M&P 91.43% (operator)
Kari
Exploration - M&P 100%
Nyanga-Mayombé
Exploration - M&P 100%
2 Tanzania
Mnazi Bay
Exploration - M&P 75% (operator) Production - M&P 60% (operator)
3 Nigeria
20.46% stake in Seplat Energy
More informations: https://www.seplatenergy.com/
4 France
Mios – 60 sq km
M&P 100% (operator)
5 Italy
Fiume Tellaro
Exploration - M&P 100 % More informations: https://italiamp.com/en/home/
6 Colombia
Muisca – 2,320 sq km
Exploration - M&P Colombia (50% M&P): 100%
COR-15 – 1,194 sq km
Exploration - M&P Colombia (50% M&P): 100%
VSM-4 - 970,5 km²
Exploration - M&P: 100%
7 Venezuela
Urdaneta West
M&P Iberoamerica (M&P 80%) : 40%
8 Angola
Block 3/05
Production - M&P 20%
Block 3/05 A
Appraisal - M&P 26.67%



Key Figures

28,057 boepd

production M&P share 2023

$682 million

Sales 2023

707

employees (90% in Africa)

182 mmboe

WI gross 2P reserves at 31/12/2023

51,6 MMcf/d

gas production M&P share 2023

$97m

Cash position at 31/12/2023





Our History


2020
  • Implementation of the adaptation and cost reduction plan to cope with the fall in crude prices
  • Beginning of the repayment of the refinanced debt in 2017
2019
  • Return to exploration: Gabon, France, Sicily
  • First volumes traded by M&P Trading
2018
  • Acquisition of Shell’s stake in the Urdaneta West field in Venezuela
  • Entry into Angola
  • Creation of M&P Trading
2017
  • Close of the takeover bid by the Pertamina Group, which now holds 72.65% of M&P
2016
  • Launch of Pertamina Group's takeover bid for M&P shares
2015
  • Merger-absorption of MPI
2014
  • Signature of a new production sharing agreement (PSA) at Ezanga in Gabon
  • Signature of a gas sale agreement in Tanzania
2013
  • Sale of Sabanero in Colombia
  • Entry into Myanmar and Canada
2011
  • Spin-off of Maurel & Prom Nigeria (MPN), later renamed MPI
2010
  • Entry into Nigeria with SEPLAT
2008/2009
  • Sale of Hocol Colombia to Ecopetrol
2006/2007
  • Discovery of Onal in Gabon and Ocelote in Colombia
  • Sale of M’Boundi and Kouakouala to ENI
  • Entry into Peru
2005
  • Entry in Gabon and Tanzania
  • Entry into Colombia and Venezuela through the purchase of Hocol
2001
  • Discovery of M’Boundi in Congo
1831
  • Creation of Maurel & Prom, an operator of shipping lines between France and West Africa

Nous rejoindre

JOIN US

Want to be part of the M&P adventure? Come and share the values of an SME that has ambitions to become a major organisation.

Our Job Offers

Our news

Subscribe to our newsletter to keep up to date with M&P news.

Sylvain Pichelin, new General Manager of M&P Tanzania

SEE MORE

Results for the first half of 2024

SEE MORE