- CEO
- Olivier Cleret de Langavant
- Full Time Employees
- 810
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- 51 rue d’Anjou Paris IF France 75008
- IPO Date
- Jan 7, 1985
- Business
- Etablissements Maurel & Prom S.A. is an independent oil and gas exploration and production company headquartered in Paris, France, founded in 1831. The company operates primarily in Africa and Latin America, with core activities segmented into exploration, production, and drilling services. Its production portfolio focuses on hydrocarbon extraction in Gabon, Tanzania, Angola, Colombia, and France. The company offers crude oil and natural gas production, drilling rig services, and upstream exploration and appraisal projects. Recently, Maurel & Prom completed the acquisition of Shell’s stake in the Urdaneta West field in Venezuela and entered an agreement to acquire a 40% operating working interest in the Sinu-9 gas license offshore Colombia, marking a strategic expansion in Latin America effective February 2025. Additionally, it acquired 50% of Etu Energias’ working interests in Angola blocks 3/05 and 3/05A to strengthen its presence in Angola’s upstream sector. Furthermore, Maurel & Prom finalized the acquisition of Assala Energy Holdings Ltd. in Gabon, which included upstream and midstream assets such as the Gamba oil terminal and connecting pipelines, enhancing operational integration. The company reported a positive net cash position and maintains strong liquidity to support ongoing asset acquisitions and exploration activities, with a focus on maximizing value creation amid volatile crude prices. Maurel & Prom is a subsidiary of PT Pertamina Internasional Eksplorasi dan Produksi and continues to leverage its technical expertise and operational experience to grow its portfolio across key hydrocarbon basins in Africa and Latin America.