Maurel & Prom : Production restarts in Gabon
(Thomson Reuters ONE) -
Paris, 21 September 2015
No. 19-15
Production restarts in Gabon
On 4 September 2015, the oil pipeline operator - the Coucal association -
informed Maurel & Prom of a force majeure situation disrupting crude oil
shipments on the 12-inch section between Coucal and the junction with the 18-
inch Rabi Nord oil pipeline.
The leak on this 12-inch pipeline, located 2.5 km from the Coucal facilities,
has been repaired and crude shipments were able to gradually resume on Friday
18 September. The pipeline operator has indicated that it has taken the
opportunity offered by this work to further strengthen other weak points across
the pipeline, which will make it possible to operate the oil pipeline with a
higher level of safety than previously.
Production on the Ezanga PSA fields (M&P operator, 80%) resumed on Saturday 19
September. It is currently up to 22,000 barrels and is expected to continue
progressing. Maurel & Prom would like to remind you that the current potential
production is 29,000 bopd.
Following this incident, talks are underway between the pipeline's various
users, the operator and the Gabonese authorities looking at the improvements to
be made to this oil transportation network.
In this context, the Maurel & Prom Group has capitalised on this downtime to
carry out certain work on Coucal that would enable it to quickly put in place
additional exports.
For more information, go to www.maureletprom.fr
MAUREL & PROM
Tel: +33 1 53 83 16 00
Press contacts, shareholder and investor relations
Tel: +33 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 that we believe to be
reasonable, but that may prove to be incorrect and that 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 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 - EnterNext(©) PEA-PME 150
ISIN FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA
MAU_OLEODUC_210915_EN.pdf:
http://hugin.info/155421/R/1953588/710908.pdf
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(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#1953588]
Unternehmensinformation / Kurzprofil:
Datum: 21.09.2015 - 20:16 Uhr
Sprache: Deutsch
News-ID 421612
Anzahl Zeichen: 3944
contact information:
Town:
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Kategorie:
Business News
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