Maurel & Prom : Tembo-1 Exploration Well Drilling Complete in Mozambique
(Thomson Reuters ONE) -
Paris, 30 December 2014
No. 26-14
Tembo-1 Exploration Well Drilling Complete in Mozambique
Spud of two exploration wells in Gabon and Myanmar
In Mozambique, Anadarko, operator of the Rovuma onshore license with a 42%
working interest informed the Authorities via a Notice of Discovery that a
natural gas discovery had been made in the TEMBO-1 well. Maurel & Prom owns a
32.60% working interest in this license.
The notice gives the following information:
"The well was drilled to a total depth of 4,553 meters and reached TD in
Jurassic aged sediments. Petrophysical analysis of the Cretaceous section
indicates 11 meters of natural gas net pay. Natural gas and some condensate was
recovered by modular formation dynamics testing ("MDT") confirming the
petrophysical analysis. The Onshore Rovuma Partners will evaluate all the data
recovered from this well to determine the potential commerciality of this
discovery and do not plan any further evaluation of the Tembo well at this time.
The well will be P&A."
The partners will analyse with the operator Anadarko all the data from the well
to be able to qualify this discovery.
The drilling rig is now being mobilized to the Kifaru-1 exploration well
location.
In Gabon, the drilling of the second exploration well EZMAB-1D started in
December the 23(rd). The well has reached a depth of 435 meters and should reach
the final depth by the end of January 2015.
In Myanmar, the drilling of the SP-1X exploration well, located on the Block M2
(Saint-Aubin Energie 40%) and operated by Petrovietnam, has started on December
2014, the 27(th). The drilling should last at least two months.
For more information: www.maureletprom.fr
MAUREL & PROM
Tel: +33 (0) 1 53 83 16 00
Press contacts, shareholder and investor relations
Tel: +33 (0) 1 53 83 16 45
ir(at)maureletprom.fr
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 we believe to be reasonable,
but which may prove to be incorrect and which 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 the 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 - Eligible for the French "PEA - PME" investment scheme
ISIN FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA
MAU_TEM_301214_ENG.pdf:
http://hugin.info/155421/R/1883924/665539.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Maurel & Prom via GlobeNewswire
[HUG#1883924]
Unternehmensinformation / Kurzprofil:
Datum: 30.12.2014 - 17:47 Uhr
Sprache: Deutsch
News-ID 361808
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contact information:
Town:
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Kategorie:
Business News
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