Maurel & Prom (“M&P”) released its 2025 Activity Report, ahead of FY’25 results being published on 12th March. The company has submitted a new application to OFAC to obtain a licence to restart operations in Venezuela, where it has upgraded reserves by 85% to 148mmbbl. M&P reported Q4’25 working‑interest production of 35kboe/d (-7% q/q) as Gabon dropped 15% to 12.7kbbl/d due to export‑pipeline pressure issues (normalised in January) but was supported by strong production of 8.4kbbl/d in Venezuel ....
