Operations had returned to normal in the third quarter in Gabon, Maurel said. The company began a well stimulation campaign in the fourth quarter of 2022, with the field now capable of producing more than 21,000 bpd.
Maurel et Prom has reported production slipping 5% in the first nine months of the year, even while revenues increased 42%.
Maurel et Prom intends to restart drilling in Gabon, on its Ezanga permit, this summer in a bid to recover production losses.
Maurel et Prom’s production fell in the first nine months of 2020, although its acquisition of Angolan assets helped avoid too great a reduction.
Maurel et Prom intends to hold its production roughly stable in 2020 as the company focuses on riding out the current storm.