Maurel et Prom : Signature of a Farm-out Agreement with PetroVietnam Exploration Production Corporation Ltd. on Block M2, Moattama Offshore Area in Union of Myanmar
(Thomson Reuters ONE) -
Paris, 4 June 2013
No 12-13
Signature of a Farm-out Agreement with PetroVietnam Exploration Production
Corporation Ltd. on Block M2, Moattama Offshore Area in Union of Myanmar.
-
MP EAST ASIA (2/3 MPN and 1/3 Maurel & Prom) has signed a Farm out Agreement
with PETROVIETNAM EXPLORATION PRODUCTION CORPORATION LTD. over Block M2, Mottana
Offshore Area - offshore the Union of Myanmar.
This license is located in the Western part of the Gulf of Martaban and covers
an area 9,652 km2 (see map), around 200 km South West from Rangoon. The water
depth in Bock M2 is below 200m. It is close to Block A7 to the north, Block M3
to the east where gas has been discovered and is ready to be brought on stream
and Block M5 to the south where the 5TCF Yadana gas field was found. Under the
agreement, PVEP agreed to assign part of its Participating Interest of the
Contract Area to MP EAST ASIA.
Completion of the farm-out is subject to the Government of Myanmar and joint
venture partner approval as well as joint operating agreement amendment.
After the assignment is completed, the Participating Interest of Block M2 joint
venture will be as follows:
PVEP 45%
MP EAST ASIA 40%
Eden Group Company Limited 15%
MP EAST ASIA also wishes to strengthen its relation with PVEP and as a result of
this farm in opportunity, MP EAST ASIA and PVEP will enter into a cooperation
agreement for the purpose of exchanging information and jointly developing E&P
new ventures in Vietnam and worldwide where all parties have available or future
projects.
This project is the first of several joint ventures planned between Maurel &
Prom and MPN, in which the former holds 1/3 and the latter holds 2/3.
Plus d'informations : www.maureletprom.fr
Communication :
INFLUENCES
Phone: 01 42 72 46 76
Email: communication(at)agence-influences.fr
Ce document peut contenir des prévisions concernant la situation financière, les
résultats, les activités et la stratégie industrielle de Maurel & Prom. Par leur
nature même, les prévisions comportent des risques et des incertitudes dans la
mesure où elles se fondent sur des évènements ou des circonstances dont la
réalisation future n'est pas certaine. Ces prévisions sont effectuées sur la
base d'hypothèses que nous considérons comme raisonnables mais qui pourraient
néanmoins s'avérer inexactes et qui sont tributaires de certains facteurs de
risques tels que les variations du cours du brut ; les variations des taux de
change ; les incertitudes liées à l'évaluation de nos réserves de pétrole ; les
taux effectifs de production de pétrole ainsi que les coûts associés ; les
problèmes opérationnels ; la stabilité politique ; les réformes législatives et
réglementaires ou encore les guerres, actes de terrorisme ou sabotages.
Maurel & Prom est coté sur Euronext Paris - compartiment A - CAC® mid 60 -
SBF120® - CAC® Mid & Small - CAC® All-Tradable - CAC® All-Share
Isin FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA
MYA_04JUIN2013_EN.pdf:
http://hugin.info/155421/R/1706937/565161.pdf
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other applicable laws; and
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originality of the information contained therein.
Source: Maurel et Prom via Thomson Reuters ONE
[HUG#1706937]
Unternehmensinformation / Kurzprofil:
Datum: 04.06.2013 - 10:31 Uhr
Sprache: Deutsch
News-ID 266073
Anzahl Zeichen: 4633
contact information:
Town:
Paris
Kategorie:
Business News
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"Maurel et Prom : Signature of a Farm-out Agreement with PetroVietnam Exploration Production Corporation Ltd. on Block M2, Moattama Offshore Area in Union of Myanmar"
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