Maurel & Prom : Force majeure situation: Interruption of the flow of crude oil on the 12''pipeline in Gabon

Paris, 4 September 2015
 No. 17-15

Force majeure situation:
Interruption of the flow of crude oil on the 12''pipeline in Gabon

MAUREL & PROM has been notified by the Association Coucal, operator of the 12'' pipeline, of a force majeure situation leading to an interruption of the flow of crude oil in the section between Coucal and the junction with the 18-inch Rabi Nord pipeline.

This situation, resulting from a break in the 12-inch pipeline in a forested area 2.5 km from Coucal, has led to Maurel & Prom Gabon completely shutting down its production.

According to the operator, production should resume within a week at the latest.

The current production capacity of the Ezanga permit producing fields (M&P operator, 80%) is around 29,000 bopd. The Group will inform its shareholders when production resumes.

For more information, please go to www.maureletprom.fr
MAUREL & PROM
Tel: +33 (0)1 53 83 16 00                                                                 

Press contacts, shareholder and investor relations
Tel: +33 (0)1 53 83 16 45                                                                 
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This document may contain forward-looking statements regarding the financial position, results, business and industrial strategy of Maurel & Prom. By nature, forward-looking statements contain risks and uncertainties to the extent that they are based on events or circumstances that may or may not happen in the future. These projections are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production and the related costs, operational problems, political stability, legislative or regulatory reforms, or wars, terrorism and sabotage.

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