Maurel & Prom: 9-month sales of $559m

(CercleFinance.com) - After the integration of $30m in revenues from service activities (drilling activities in Gabon and support for the operations of the PRDL joint venture in Venezuela), consolidated sales for the first nine months of 2024 consequently amounted to $559m (+13%).


Group production (M&P share) amounted to 36,288 boe/d for the first nine months of 2024. The average oil sales price was $83.2/b for the period, up 7% on the first nine months of 2023 ($77.8/b).

Valorised production (revenues from production activities, excluding offsets and inventory revaluation) stood at $461m for 9m 2024.

The group had net debt of $2m at 30 September 2024, compared with net debt of $120m at 31 December 2023.

The cash position stood at $171m at end-September 2024. Available liquidity at 30 September 2024 stood at $238m, including $67m in undrawn RCF tranches.


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