Du är här


Maurel & Prom : Production restarts in Gabon

Paris, 21 September 2015

No. 19-15

Production restarts in Gabon

| |
| |

On 4 September 2015, the oil pipeline operator - the Coucal association -
informed Maurel&Prom of aforce majeure
situation disrupting crude oil shipments on the 12-inch section between Coucal
and the junction with the 18-inch Rabi Nord oil pipeline.

The leak on this 12-inch pipeline, located 2.5 km from the Coucal facilities,
has been repaired and crude shipments were able to gradually resume on Friday
18 September. The pipeline operator has indicated that it has taken the
opportunity offered by this work to further strengthen other weak points
across the pipeline, which will make it possible to operate the oil pipeline
with a higher level of safety than previously.

Production on the Ezanga PSA fields (M&P operator, 80%) resumed on Saturday 19
September. It is currently up to 22,000 barrels and is expected to continue
progressing. Maurel&Prom would like to remind you that the current potential
production is 29,000 bopd.

Following this incident, talks are underway between the pipeline's various
users, the operator and the Gabonese authorities looking at the improvements
to be made to this oil transportation network.

In this context, the Maurel&Prom Group has capitalised on this downtime to
carry out certain work on Coucal that would enable it to quickly put in place
additional exports.

| |
| |

For more information, go to www.maureletprom.fr
Tel: +33 1 53 83 16 00

Press contacts, shareholder and investor relations
Tel: +33 1 53 83 16 45


This document may contain forward-looking statements regarding the financial
position, results, business 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 that we
believe to be reasonable, but that may prove to be incorrect and that 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 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 - Compartment A
CAC® mid 60 - SBF120® - CAC® Mid&Small - CAC® All-Tradable - CAC® All-Share -
CAC PME - EnterNext©PEA-PME 150

/ BloombergMAU.FP
/ ReutersMAUP.PA



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Maurel&Prom via Globenewswire


Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.