Maurel & Prom: contract for the acquisition of Assala
with Carlyle International Energy Partners for the acquisition of 100% of the shares of Assala Energy Holdings Ltd. and all its upstream, midstream and transportation subsidiaries in Gabon.
The consideration paid to the seller is $730 million on completion.
According to Olivier de Langavant, Managing Director of M&P, this acquisition represents "a major milestone" for M&P.
"The combination of our portfolios provides the Group with a broad base of long-life, low-cost onshore operated assets, offering long-term visibility and considerable development potential, in a stable country where M&P has been operating for over fifteen years", he added.
Completion of the Transaction is expected between Q4 2023 and Q1 2024.
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