Maurel & Prom: Year in Review 2025

In 2025, Maurel & Prom reported total production of 37,096 barrels of oil equivalent per day, a 2% increase compared to the previous year. Production in Gabon and Tanzania declined, but a significant 34% increase in Venezuela offset these decreases. Consolidated revenue amounted to $578 million, down 29% compared to 2024, primarily due to a 14% decline in the average selling price of oil.

Strategically, Maurel & Prom has refocused on assets with strong development potential. The sale of its stake in Seplat Energy for $496 million and the acquisition of a majority stake in the Sinu-9 permit in Colombia are key moves. At the end of 2025, the group had a positive net cash position of $178 million, supporting future external expansion.