Oil company Maurel & Prom is down 1% on the stock market and will record a disruption in production in Gabon, a key market for the company. The disruption is occurring because of work on an oil pipeline which ends this March. The disruption is expected to cause a 30% decline in average production.
Between late 2015 and February 2016, the Operating Agreement and Production Sharing (EPSA) Gabonese Ezanga has extracted 27,610 barrels per day on average with a peak of 28,262 barrels per day. In early March, EPSA’s Ezanga produced about 28,000 barrels per day.
This article has been translated from French in-house. Please excuse any minor oversights.