Maurel & Prom Reports 2025 Sales of $578 Million and 2% Rise in Production
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Établissements Maurel & Prom SA reported 2025 sales of $578 million, with a 2% rise in production to 37,096 boepd. Oil production in Gabon decreased by 6% to 14,662 bopd, while Venezuela saw a 34% increase to 8,194 bopd. The average oil price fell by 14% to $69.4 per barrel. Significant portfolio changes included selling a 20.07% interest in Seplat Energy for $496 million and acquiring a 61% stake in the Sinu-9 gas permit in Colombia. The company continues its active drilling program in Gabon and exploration in Angola.
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