2.190 € (-8.18 %) Group Operations Investor relations Sustainable development Talents TOUTES NOS ACTUALITÉS Signing of a comprehensive agreement between M&P and the Gabonese Republic Nov 5, 2021 Maurel & Prom (the “Group”, “M&P”) and the Gabonese Republic have entered into a multi-pronged comprehensive agreement with a view to strengthening their cooperation. As part of this agreement, the parties approved the immediate release to the Gabonese Republic of the $43 million placed in an escrow account in respect of the pre-2018 carrying costs on the Ezanga permit, as well as the payment of a complementary amount of $57 million to the Gabonese Republic. In return, this agreement allows: The signing of an amendment to the CEPP (Contrat d'Exploration et de Partage de Production —Exploration and Production Sharing Agreement) of the Ezanga permit (80% M&P, operator), including in particular changes to certain terms as well as an extension of the exploration period until 2026; The signing of new CEPPs for the Kari and Nyanga-Mayombé areas (100% M&P, operator), the exploration periods of which will now run until 2029; The implementation of a mechanism for M&P to recover certain receivables over time (which amounted to $98 million at 30 September 2021). Olivier de Langavant, Chief Executive Officer of M&P, stated: “This mutually beneficial agreement attests to the strong common desire of the Gabonese Republic and M&P to strengthen their relationship. It highlights the long-term commitment of Maurel & Prom in Gabon and further improves the framework to further develop the Group’s activities in the country. The resumption of the development drilling in July, together with the recent completion of a magnetic gradiometry acquisition campaign covering the whole area of our Ezanga permit, demonstrate this commitment to maximising the potential of our assets”. Download: Signing of a comprehensive agreement between M&P and the Gabonese Republic ARCHIVES 2021 2020 2019 2018 2017 PRESS RELEASES 05/11/2021 Signing of a comprehensive agreement between M&P and the Gabonese Republic FOLLOW US By continuing your browsing on this website, you agree to the use of cookies in order to optimize the functionality of the maureletprom.fr website through the production of anonymous and statistical data. I accept I refuse Manage my cookies External links Pertamina Maurel & Prom Italia Seplat Caroil Site informations Legal notice Site map Maurel & Prom 51 rue d’Anjou 75008 Paris France Email alerts →