Etablissements Maurel & Prom S.A. (MAU)

Profile

https://www.maureletprom.fr

Etablissements Maurel & Prom S.A. is a French independent oil and gas company specializing in the exploration, production, and drilling of hydrocarbons. Founded in 1831 and headquartered in Paris, it primarily focuses on onshore assets in Africa, including significant oil production in Gabon and gas in Tanzania, with additional operations in Angola, Colombia, Venezuela, Namibia, and Italy. The company operates through three main segments: Production, which generates the majority of revenue from hydrocarbon output; Exploration, targeting new oil and gas discoveries; and Drilling, managed via its subsidiary Caroil with a fleet of rigs. Majority-controlled by PT Pertamina Internasional Eksplorasi dan Produksi, a subsidiary of Indonesia's state-owned Pertamina, it recently sold its stake in Nigeria's Seplat Energy and acquired operatorship of Colombia's Sinu-9 gas block. With around 750-783 employees, Etablissements Maurel & Prom S.A. holds substantial 2P reserves of 244 million barrels of oil equivalent and reported working interest production of 36,222 barrels of oil equivalent per day in 2024, playing a key role in the global upstream energy sector.