Maurel & Prom is an oil company specialising in the production of hydrocarbons. It is listed on Euronext Paris and has its registered office in Paris. The Group generates most of its business in Africa through the exploitation of onshore production assets (in Gabon and Tanzania) and a significant stake in SEPLAT, one of Nigeria’s leading indigenous operators.

History

Historically, Maurel & Prom was based in

Bordeaux Bordeaux ( ; ; Gascon language, Gascon ; ) is a city on the river Garonne in the Gironde Departments of France, department, southwestern France. A port city, it is the capital of the Nouvelle-Aquitaine region, as well as the Prefectures in F ...

and was one of France's largest family-run shipping and foreign trade houses. It had trading interests throughout the

French colonial empire The French colonial empire () comprised the overseas Colony, colonies, protectorates, and League of Nations mandate, mandate territories that came under French rule from the 16th century onward. A distinction is generally made between the "Firs ...

, which included trading houses in

Saint-Louis, Senegal Saint-Louis () or Saint Louis (), is the capital of Senegal's Saint-Louis Region. Located in the northwest of Senegal, near the mouth of the Senegal River, and north of Senegal's capital city Dakar. It had a population of 254,171 in 2023. Saint-L ...

, and modern

Guinea Guinea, officially the Republic of Guinea, is a coastal country in West Africa. It borders the Atlantic Ocean to the west, Guinea-Bissau to the northwest, Senegal to the north, Mali to the northeast, Côte d'Ivoire to the southeast, and Sier ...

Gambia The Gambia, officially the Republic of The Gambia, is a country in West Africa. Geographically, The Gambia is the List of African countries by area, smallest country in continental Africa; it is surrounded by Senegal on all sides except for ...

Mali Mali, officially the Republic of Mali, is a landlocked country in West Africa. It is the List of African countries by area, eighth-largest country in Africa, with an area of over . The country is bordered to the north by Algeria, to the east b ...

and

Ivory Coast Ivory Coast, also known as Côte d'Ivoire and officially the Republic of Côte d'Ivoire, is a country on the southern coast of West Africa. Its capital city of Yamoussoukro is located in the centre of the country, while its largest List of ci ...

. The company changed its focus to

agribusiness Agribusiness is the industry, enterprises, and the field of study of value chains in agriculture and in the bio-economy, in which case it is also called bio-business or bio-enterprise. The primary goal of agribusiness is to maximize profit ...

in 1986. It pivoted to

oil exploration Hydrocarbon exploration (or oil and gas exploration) is the search by petroleum geologists and geophysicists for hydrocarbon deposits, particularly petroleum and natural gas, in the Earth's crust using petroleum geology. Exploration methods V ...

and production in 1998. Since 16 February 2017 Maurel & Prom has been backed by PIEP, a subsidiary of the Indonesian state oil company

Pertamina PT Pertamina (Persero) is an Indonesian state-owned oil and natural gas corporation, headquartered in Jakarta. It was created in August 1968 by the merger of ''Pertamin'' (established 1961) and ''Permina'' (established in 1957). In 2020, the ...

, and aims to become the international development platform for the upstream activities of Pertamina and PIEP. In January 2019, the company, after having finalized the previous month the takeover of a 40% stake held by Shell in the joint company Petroregional del Lago, the company which exploits the Urdaneta West oil field, located on Lake Maracaibo (Venezuela), announces that it wants to co-finance an investment project of 400 million dollars (350 million euros) to develop the production of this joint company.

Assets Portfolio

- France (Headquarters) - Italia: Exploration & Appraisal - Colombia: Exploration & Appraisal - Venezuela: Production - Nigeria (20.46% stake in Seplat): Production - Gabon: Exploration & Production - Angola: Production - Namibia: Exploration & Appraisal - Tanzania: Production, Exploration & Appraisal

Shareholding

On December 31,2021: * PIEP: 71.09% * Individual investors: 18.57% * Institutional investors: 6.08% * Treasury shares: 1.81% * Employees: 0.76% * Others: 1.68%

Notes

References - Contemporary company

Etablissements Maurel et Prom S.A. website

dailyestimate.com Gabon: Energy profile
Tuesday, November 6, 2007.
“Membres du conseil et fonctions”

References - History

*Andrew, C.M. & Kanya-Forstner, A.S.; "French Business and the French Colonialists." ''The Historical Journal'', Vol. 19, No. 4 (Dec., 1976), pp. 981–1000 *Barrows, Leland C.; ''General Faidherbe, the Maurel and Prom Company, and French Expansion in Senegal''. Dissertation Abstracts International 35 8 (1975). *Barrows. Leland C.; "Faidherbe and Senegal: A Critical Discussion". ''African Studies Review'', Vol. 19, No. 1 (Apr., 1976), pp. 95–117. *Gellar, Sheldon; ''Structural Changes and Colonial Dependency: Senegal'', 1885-1945. Sage: London (1976). *Hopkins, A.G.; "Imperial Business in Africa. Part I: Sources." ''The Journal of African History'', Vol. 17, No. 1 (1976), pp. 29–48 *McLane, Margaret O.; "Commercial Rivalries and French Policy on the Senegal River, 1831-1858." ''African Economic History'', No. 15 (1986), pp. 39–67. *Marfaing, Laurence; ''L'Evolution du commerce au Senegal'', 1820-1930. Paris (1992) *Newbury, C.W.; "The Protectionist Revival in French Colonial Trade: The Case of Senegal." ''The Economic History Review'', New Series, Vol. 21, No. 2 (Aug., 1968), pp. 337–348. *Niaré, Djibril Issa

Université de Bamako Faculté des Lettres, Langues, Arts et Sciences Humaines (2007) *Péhaut, Yves; "Les maisons de négoce bordelaises face aux mutations du négoce dans les années 1920-1960 (Maurel et Prom)", in BONIN Hubert, CAHEN Michel (eds), ''Négoce blanc en Afrique noire. L'évolution du commerce à longue distance en Afrique noire du 18e au 20e siècles. Paris, Société française d'histoire d'outre-mer - Alterna'', 2001. *Péhaut, Yves
''Le réseau d’influence bordelais : la "doyenne" Maurel & Prom jusqu’en 1914''
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''Le réseau d’influence bordelais : la "doyenne" Maurel & Prom jusqu’en 1914''
(pdf). {{DEFAULTSORT:Maurel and Prom Transport companies established in 1831 French West Africa Oil companies of France Shipping companies of France French brands French companies established in 1831 Companies listed on Euronext Paris