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Last updated on April 23, 2014 at 15:23 EDT

Latest Maurel Stories

2012-02-02 11:48:00

PARIS, February 2, 2012 /PRNewswire/ -- 2011 entitlements up 21% to 14,607 bopd vs 2010 Sales for FY 2011 up 72% over 2010 12 mths 12 mths (In EUR m) Q1 2011 Q2 2011 Q3 2011 Q4 2011 2011 2010 Chg Exchange rate 1.367 1.440 1.413 1.347 1.392 1.326 5% Gabon 93.7 108.3 92.4 120.5 414.9 253.9 63%...

2012-01-19 02:49:00

PARIS, January 19, 2012 /PRNewswire/ -- Upon the sale of Hocol to Ecopetrol in early 2009, the Group had wanted to keep exploration potential in Colombia. Applying their technical and strategic vision, Maurel & Prom's teams selected four exploration permits. In 2009 and 2010, geological and geophysical studies, seismic acquisition and drilling campaigns were carried out leading to the discovery of the Sabanero field. The results of the studies carried out based...

2012-01-18 13:36:00

PARIS, January 18, 2012 /PRNewswire/ -- It was reported by Seplat Petroleum Development Company Ltd, the operator company of OML 41, that the outbreak of fire on two of the supply flow lines from Ovhor-2 well had impacted production earlier this week. The corresponding well was shut in and the fire extinguished. The cause of the fire is under investigation. Normal production is expected to resume shortly. More information : http://www.mpnigeria.com...

2011-12-08 12:27:00

PARIS, December 8, 2011 /PRNewswire/ -- To facilitate the distribution of MAUREL & PROM NIGERIA shares to the shareholders of MAUREL & PROM, MAUREL & PROM hereby announces that its liquidity agreement with Natixis will be suspended as from 9 December 2011. The approval of MAUREL & PROM shareholders, who will hold a general meeting on 12 December 2011, remains a condition for the distribution of MAUREL & PROM NIGERIA shares to MAUREL & PROM...

2011-10-12 00:52:00

PARIS, October 12, 2011 /PRNewswire/ -- Maurel & Prom is pleased to announce that it has reached an agreement with Pacific Rubiales Energy Corp. by which the latter will have access to a 50% working interest in the block denominated Lote 116 located in northeastern Peru. This transaction is a farm-out, for which PRE has offered a full carry of up to US$75mm gross on the obligations for the current and coming contract phases. PRE through its designated subsidiary will be...

2011-10-10 00:31:00

PARIS, October 10, 2011 /PRNewswire/ -- A stratigraphic well[1] (Sab-Strat 1A) has been successfully drilled on the Sabanero license in Colombia (Maurel & Prom operator - through its 50.01% subsidiary MP Colombia BV). This well is part of a stratigraphic drilling campaign (four firm wells) set to delineate the Sabanero field (three exploration wells already drilled), and help locate upcoming platforms in the appraisal program. The reservoir target of this stratigraphic well...

2011-09-16 02:57:00

PARIS, September 16, 2011 /PRNewswire/ -- In the news release, "Maurel & Prom - Completion of Caroil SAS Acquisition by Tuscany International Drilling Inc" issued on 16 Sep 2011 05:27 GMT, by Maurel & Prom Bloomberg:MAU@FP over PR Newswire, we are advised by a representative of the company that in the first sentence of this release, "November 15th" should in fact have read "September 15th". Complete, corrected release follows: Maurel & Prom is pleased to...

2011-09-16 00:27:00

PARIS, September 16, 2011 /PRNewswire/ -- Maurel & Prom is pleased to announce that it closed on November 15th, 2011, the acquisition by TUSCANY INTERNATIONAL DRILLING INC of all of the issued and outstanding shares of Caroil SAS. The transaction includes the following financial terms: - Payment on November 15th , 2011, of US$ 117 million (US$ 3 million already paid as deposit); - Issuance for the exclusive benefit of Maurel...

2011-08-31 11:45:00

PARIS, August 31, 2011 /PRNewswire/ -- SOURCE Maurel & Prom