Maurel & Prom: BRIEFING ON THE SITUATION IN GABON
(Thomson Reuters ONE) -
Paris, 28 February 2017
No. 06-17
BRIEFING ON THE SITUATION IN GABON
The ONEP (Petroleum Trade Union) filed a strike notice on 15 February 2017. M&P
Gabon (hereinafter the "Company") management initiated negotiations with the
Petroleum Trade Union on 20 February 2017 in the presence of the Ministry of
Labor authorities.
In this strike notice, the ONEP asked for:
1. Maintaining at their job the employees who participated in the ONEP strike
in October 2016: during these negotiations, the ONEP withdrew this point
which was completely unfounded.
2. "A separation compensation", following the sale of M & P's assets, of 6
months of gross salary per year of service:
As regard to a change of M & P shareholding, any reference to compensation of
any kind for the "sale of the Company's assets" has been excluded by the
Company's management. However, Company's management as part of negotiations has
left open the possibility, on a voluntary basis expression, to the payment of a
premium.
3. The retroactive payment of amounts owed to workers: it was acknowledged, in
a legally enforceable statement signed at the end of 2016, that the amounts
in question had been paid in due time.
4. The setting of a calendar for the renewal of the staff representatives: The
Company's management wants to proceed as quickly as possible to the
designation of new staff representatives, those in place having been revoked
once ONEP withdrew their Trade Union mandate. The principle of a common
calendar was approved.
5. The implementation of the company collective agreements: these agreements
are in place but it has been agreed, by the end of 2016, that at the
initiative of the staff representatives and the Petroleum Trade Union, they
could be subject to arrangement proposals which, to date, have not been
communicated to the Company.
6. The presentation of the work permits for all foreign workers, the cessation
of activity of those who are in an irregular situation, and even in some
cases for some of them who are in a regular situation, and their replacement
by Gabonese workers: these questions are of the responsibility of the
Ministry of Labour who ensure their monitoring and control, the Petroleum
Trade Union not being a substitute for the country authorities.
While the negotiations were ongoing, the ONEP filed a strike notice for
Wednesday, 22 February 2017 at 1 p.m.
As a result of this strike notice, operations on all Company's sites have been
affected. Ezanga permit production was brutally interrupted outside any
procedure on 22 February 2017 at 2:30 pm, which is particularly critical given
the nature of the produced oil. Backup procedures for alternate flows in the
pipeline to keep the oil movable could not be implemented.
The representative of the Gabonese Government sent a detachment of security
forces who actually found on the work sites that the control room production was
held by the strikers, which prevented access to non-striking staff.
In order to ensure the safety of the Company's employees, the Gabonese
government's infrastructure operated by the Company, and production continuity,
the security forces expelled the strikers.
Production was able to be restarted to a very partial degree beginning on 24
February 2017 and it stands to date at around 3,000 bopd.
Due to the strike breaking out while the negotiations were ongoing and the acts
of some strikers, the Company filed an urgent order before the Court of Port
Gentil, which made its decision on Saturday, 25 February 2017 by declaring the
strike unlawful and ordering its immediate ending.
The notification of this decision to the ONEP was made late morning on 27
February 2017.
ONEP summoned staff general meetings of all petroleum sites, all companies
together, on 27 and 28 February 2017 for the submission of a general strike
notice.
The presence of a majority shareholder, PT Pertamina Internasional Eksplorasi
dan Produksi (PIEP), in the capital provides a real long-term perspective for
the Group's activities and its employees. Also, Maurel & Prom, who had until now
favored dialogue and the protection of employment in a particularly hard market
context and providing a concrete response in terms of the sustainability of
employment, is questioning the underlying reasons pertaining to these unfounded
claims paving the way for the conflict to spread.
For more information, go to www.maureletprom.fr
MAUREL & PROM
Tel: +33 (0)1 53 83 16 00
Press, shareholders, 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
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
GABON_MAU_28FEV17_EN_FINAL.pdf:
http://hugin.info/155421/R/2082743/784923.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
Unternehmensinformation / Kurzprofil:
Datum: 28.02.2017 - 08:51 Uhr
Sprache: Deutsch
News-ID 527492
Anzahl Zeichen: 7163
contact information:
Town:
Paris
Kategorie:
Business News
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"Maurel & Prom: BRIEFING ON THE SITUATION IN GABON"
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