(News Bulletin 247) – Maurel & Prom saw its turnover decrease by 16% in the first half, the increase in its production having been more than offset by the effect of the fall in the price of hydrocarbons.
The oil company, whose assets remain overwhelmingly located in Gabon, said in a press release that its consolidated turnover reached 299 million dollars in the first part of the year, against 355 million the year before.
The group’s production amounted to 27,406 barrels of oil equivalent per day (boe/d) for the first half, compared to 25,126 barrels over the same period of 2022.
But the oil’s average selling price was $74.8 a barrel, down sharply from $105 a year earlier.
As of June 30, its available liquidity reached 137 million dollars, compared to 138 million at the end of 2022, for a gross debt of 315 million, which shows a net debt of 178 million euros, down 20 million compared to the end of 2022.
Following this publication, the Maurel & Prom share nibbling 0.4% Thursday morning in the first exchanges on the Paris Stock Exchange.
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