Maurel & Prom Signs Deal to Acquire Stakes in Angola Offshore Blocks 14 and 14K

Reuters12-12

Maurel & Prom Signs Deal to Acquire Stakes in Angola Offshore Blocks 14 and 14K

Établissements Maurel & Prom SA, in consortium with BW Energy Limited, has signed a Sale and Purchase Agreement with Azule Energy Angola B.V. for the joint acquisition of a 20% interest in Block 14 (10% net to Maurel & Prom) and a 10% interest in Block 14K (5% net to Maurel & Prom), both offshore Angola. Block 14 is a mature deepwater producing asset operated by Chevron, currently yielding around 40,000 barrels of oil per day gross, with Maurel & Prom's share representing about 4,000 barrels per day. Block 14K, a unitised development between Angola and the Republic of Congo, is tied back to Block 14 infrastructure and produces approximately 2,000 barrels per day gross, with Maurel & Prom's net share at around 100 barrels per day. The transaction is expected to close in mid-2026, pending regulatory approvals and customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Établissements Maurel & Prom SA published the original content used to generate this news brief on December 12, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Établissements Maurel &amp; Prom SA published the original content used to generate this news brief on December 12, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4570","symbol_name":"地缘局势概念股","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251212:nNDL1Sr3kq:1","article_id":"2590520929","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2590520929","pubTimestamp":1765519649,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"tablissements Maurel & Prom SA, in consortium with BW Energy Limited, has signed a Sale and Purchase Agreement with Azule Energy Angola B.V. for the joint acquisition of a 20% interest in Block 14  and a 10% interest in Block 14K , both offshore Angola. 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Block 14 is a mature deepwater producing asset operated by Chevron, currently yielding around 40,000 barrels of oil per day gross, with Maurel & Prom's share representing about 4,000 barrels per day. Block 14K, a unitised development between Angola and the Republic of Congo, is tied back to Block 14 infrastructure and produces approximately 2,000 barrels per day gross, with Maurel & Prom's net share at around 100 barrels per day. The transaction is expected to close in mid-2026, pending regulatory approvals and customary closing conditions.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Établissements Maurel & Prom SA published the original content used to generate this news brief on December 12, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2590520929","isCrawlerRequest":true}