News

French independent exploration and production company Maurel & Prom (M&P) has been confirmed as a Bronze Partner of African Energy Week (AEW) 2026, taking place in Cape Town from October 12–16. The company's participation comes as it accelerates an African growth strategy centered on brownfield optimization, gas monetization and strategic asset expansion across Gabon, Tanzania and Angola, reinforcing its position as a key partner in advancing Africa's energy security and production growth.

M&P arrives at AEW 2026 following a series of operational and financial milestones that strengthen its long-term investment outlook. On July 10, the company secured a $465 million five-year syndicated financing facility to refinance existing debt, providing additional financial flexibility to support its African growth strategy. The milestone follows strong first-half 2026 performance, with higher oil prices driving a 27% increase in sales compared to the same period in 2025.

Gabon remains the centerpiece of M&P's African portfolio, where the company continues to expand production while developing the country's emerging natural gas industry. In July, M&P awarded Capstone Energy a 36-month contract to deploy flare gas recovery technology at its Mouletsi-2 well on the Etekamba gas permit onshore Gabon. The project will capture gas that would otherwise be flared for on-site power generation, reducing emissions while improving energy efficiency and operational reliability.

Scheduled for production by late 2026, the Mouletsi-2 project marks M&P’s first gas development in Gabon. It is expected to yield approximately 25 million cubic feet per day, helping unlock value from the country’s 26 billion cubic meters of proven natural gas reserves.

Beyond gas development, M&P continues to optimize oil production across its Ezanga, Kari, Nyanga-Mayombe and Etekamba licenses, with Gabon representing the company's largest producing asset. The company’s first-half 2026 production across its Gabonese assets increased compared to the second half of 2025 as brownfield optimization programs continue to deliver incremental gains.

In Tanzania, M&P is advancing one of East Africa's most active onshore gas development programs through the Mnazi Bay field, which supplies natural gas to the country's domestic market. Earlier this year, the company brought the MB-5 development well online - the first well drilled on the license since 2014 - with production capacity of approximately 40 MMcfd, increasing the field's total production potential to more than 130 MMcfd.

M&P is sustaining drilling momentum through the MS-2 development well and the Kasa-1X exploration well, supporting Tanzania's objective of expanding natural gas supply and increasing access to clean cooking to 75% of the population by 2030.

In Angola, M&P continues to strengthen its portfolio through interests in Blocks 3/05, 3/05A and 3/24, alongside a 19% stake in the Quilemba Solar Project, reflecting the company's commitment to supporting both hydrocarbon production and energy diversification. A two-well drilling campaign on Block 3/05, undertaken with Sonangol, is expected to add approximately 9,000 barrels per day of production, contributing to Angola's strategy to sustain national crude output through brownfield redevelopment.

At AEW 2026, M&P will engage with governments, investors and industry stakeholders to showcase how targeted investment in mature assets, natural gas development and strategic acquisitions can unlock long-term production growth while strengthening Africa's energy security.

“Maurel & Prom demonstrates how disciplined investment in mature assets can generate the capital needed to unlock new growth opportunities across Africa. From gas monetization in Gabon and Tanzania to brownfield optimization in Angola, the company is helping maximize the value of Africa's existing resources while supporting the continent's long-term energy security and industrial development,” stated NJ Ayuk, the Executive Chairman of the African Energy Chamber.