Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
African divestment deals are back in the frame
After some delay, the much-heralded sale of oil and gas companies’ mature upstream assets in sub-Saharan Africa has gained fresh momentum, with a clutch of deals reaching completion
Jadestone sees opportunities in Southeast Asia
The AIM-listed independent is pushing ahead with developments in Indonesia, Malaysia and Vietnam, CEO Paul Blakeley tells Petroleum Economist
Indie sees upstream opportunity in Jamaica
United is seeking farm-out partners for the large Caribbean block
Indie Arrow targets rapid production growth
Fears that left-leaning President Petro’s government would signal the end for Colombia’s oil industry appear unfounded
Vaalco eyes more African growth
The independent plans further Africa-focused expansion and shrugs off the recent coup in Gabon
Energy majors’ strategies show signs of convergence
While US megadeals may not be repeated on the other side of the Atlantic, there is now greater common ground between European and US energy companies
Chevron deal energises the Bakken
The major’s acquisition deal could keep oil production in the mature play going for longer
Uruguay-focused independent upbeat on farm-in deal
AIM-listed Challenger is seeking partners to help develop its licences off the coast of Uruguay
Maurel & Prom acquires independent Assala
The French firm confirms its position in Gabon
Kosmos unfazed by Greater Tortue Ahmeyim delay
Postponement of large LNG project does not seem to have derailed Kosmos’ expansion or capex plans
Basis of Assala was the acquisition of Shell’s Gabon portfolio
Gabon Independents
Simon Ferrie
31 August 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

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
California refiners dreaming of heyday
17 July 2025
US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends
Mars attacks US oil industry
16 July 2025
Crude quality issues are an often understated risk to energy security, highlighted by problems at a key US refinery
Bleak times for UK North Sea
15 July 2025
Government consultations on the windfall tax and the exploration licence ban are positive steps, but it is unclear how long it will take for them to yield tangible outcomes
Letter from Austria: OPEC delivers wake-up call
Opinion
15 July 2025
A brutally honest picture about the potential role of oil and gas in 2050 should prompt policymakers to not only reflect but also change course to meet vital energy needs

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search