Maurel & Prom acquires independent Assala

The French firm confirms its position in Gabon

French independent Maurel & Prom has acquired London-based Assala Energy from investors Carlyle, making the expanded company the largest onshore operator in Gabon. Maurel & Prom describes the $730m deal as “transformational”, and one which not only strengthens its position in Gabon, but its relationship with the government. The French firm’s acquisition includes 97m bl of 2P reserves and a working interest production of 40,700b/d over the first half of 2023. The purchase of Assala’s shares from Carlyle is “fully financed” and “supported by low-cost debt financing”, the company noted. There is “material optimisation potential for the combined business”, said Maurel & Prom, which p