Maurel & Prom (“M&P”) issued a Q1’25 activity report noting impressive production of 38.5kboe/d (+6% q/q) driven by Venezuelan production up 9% to 8.2kbbl/d, Gabon growth of 6% to 15.7kboe/d, and growth in Angolan and Tanzania production of 3% and 5% respectively. The value of oil and gas produced was US$136mm (+3% q/q) based on a flat realised oil price. However, sales of US$64mm were down 75% q/q, impacted by a US$76mm lifting imbalance as only one cargo was sold in the quarter; in Q2’25 M&P e ....
