Basis of Assala was the acquisition of Shell’s Gabon portfolio
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
Also in this section
27 September 2023
Regional industry body ANGEA remains bullish about Asia's adoption of gas and LNG, despite elevated prices and logistical challenges
26 September 2023
Half a century after the 1973 conflict, the world is dramatically different. But OPEC’s power remains
26 September 2023
Bottlenecks continue to constrain gas-rich Appalachia, and relief may not be in the pipeline
22 September 2023
Former executives and a successor company are accused of complicity in Sudanese war crimes in what is now South Sudan
