Maurel & Prom : UPDATE ON THE SITUATION IN GABON

Maurel & Prom : UPDATE ON THE SITUATION IN GABON

ID: 502019

(Thomson Reuters ONE) -


Paris, 21 October 2016
 N°16-16


UPDATE ON THE SITUATION IN GABON








A strike organised by the national oil workers' union Organisation nationale des
employés du pétrole (Onep) began on 17 October 2016 while, in accordance with
regulations, discussions were underway between the union representatives, the
labour inspectorate Inspection Spéciale du Travail, and the management of Maurel
& Prom Gabon.

On 18 October, given the risks that may result from the behaviour of certain
strike agitators, the Group was forced to reduce production from the Ezanga
fields (operated by Maurel & Prom, 80%) to preserve the safety of non-strikers
and the integrity of the facilities. Consequently, the production has been
reduced from over 28,000 bopd to approximately 10,000 bopd.

The Group wishes to emphasise that Management, for its part, is fully focused on
finding a solution via the meetings underway, with due respect for all parties'
rights and obligations. Consequently, contrary to some assertions, no penalty
decision has been taken to date by the Company with regard to the 11 employees
of Maurel & Prom Gabon.

In these circumstances, the oversight authorities have decided to put measures
in place to strengthen personal and site safety. The situation was the subject
of a detailed press release issued by the Gabon Ministry of Oil and
Hydrocarbons.

For more information:
https://directinfosgabon.com/greve-a-maurel-prom-reaction-ministere-petrole-
hydrocarbures/



Next publication

27 October 2016, after markets close: Q3 2016 Sales









For more information, visit: 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





Français     Anglais
--------------------------------------------------------------------------------
pieds cubes pc cf cubic feet

pieds cubes par jour pc/j cfpd cubic feet per day

milliers de pieds cubes kpc Mcf 1,000 cubic feet

millions de pieds cubes Mpc MMcf 1,000 Mcf = million cubic feet

milliards de pieds cubes Gpc Bcf billion cubic feet
--------------------------------------------------------------------------------
baril b bbl barrel

barils d'huile par jour b/j bopd barrels of oil per day

milliers de barils kb Mbbl 1,000 barrels

millions de barils Mb MMbbl 1,000 Mbbl = million barrels
--------------------------------------------------------------------------------
barils équivalent pétrole bep boe barrels of oil equivalent

barils équivalent pétrole par jour bep/j boepd barrels of oil equivalent per day

milliers de barils équivalent kbep Mboe 1,000 barrels of oil equivalent
pétrole

millions de barils équivalent Mbep MMboe 1,000 Mbbl = million barrels of
pétrole oil equivalent






Maurel & Prom is listed for trading on Euronext Paris
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

INFOS_MAU_21OCT16_EN.pdf:
http://hugin.info/155421/R/2050502/767008.pdf



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Maurel & Prom via GlobeNewswire




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Bereitgestellt von Benutzer: hugin
Datum: 21.10.2016 - 09:03 Uhr
Sprache: Deutsch
News-ID 502019
Anzahl Zeichen: 4653

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