Maurel & Prom: Information on the resumption of production in Gabon

Maurel & Prom: Information on the resumption of production in Gabon

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10 May 2022 07:30 CEST

Regulatory News:

Maurel & Prom (Paris:MAU):

The restoration of the export capacities of the Ezanga permit, restricted since the incident which occurred on 28 April at the facilities of the Cap Lopez oil terminal operated by Perenco, has been in progress since 4 May. Export capacities have now reached an initial phase of around 10,000 bopd, which has allowed M&P to gradually restart the wells.

The end of export restrictions and the return of production to its level prior to the incident (gross production of approximately 19,000 bopd, i.e. 15,200 bopd net to M&P's 80%) are expected before the end of the week.

Français						Anglais
pieds cubes		pc		cf		cubic feet
millions de pieds cubes par jour		Mpc/j		mmcfd		million cubic feet per day
milliards de pieds cubes		Gpc		bcf		billion cubic feet
baril		b		bbl		barrel
barils d'huile par jour		b/j		bopd		barrels of oil per day
millions de barils		Mb		mmbbls		million barrels
barils équivalent pétrole		bep		boe		barrels of oil equivalent
barils équivalent pétrole par jour		bep/j		boepd		barrels of oil equivalent per day
millions de barils équivalent pétrole		Mbep		mmboe		million barrels of oil equivalent

For more information, visit www.maureletprom.fr/en/

This document may contain forward-looking statements regarding the financial position, results, business activities and industrial strategy of Maurel & Prom. By nature, forward-looking statements contain risks and uncertainties to the extent that they are based on events or circumstances that may or may not happen in the future. These projections are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism and sabotage.

Maurel & Prom is listed for trading on Euronext Paris
CAC All-Tradable - CAC Small - CAC Mid & Small - Eligible PEA-PME and SRD
Isin FR0000051070/Bloomberg MAU.FP/Reuters MAUP.PA

View source version on businesswire.com: https://www.businesswire.com/news/home/20220509006133/en/

Maurel & Prom
Press, shareholder and investor relations
Tel: +33 (0)1 53 83 16 45
[email protected]

NewCap
Financial communications and investor relations/Media relations
Louis-Victor Delouvrier/Nicolas Merigeau
Tel: +33 (0)1 44 71 98 53/+33 (0)1 44 71 94 98
[email protected]

Source

MAUREL & PROM

Provider

BusinessWire