Maurel & Prom: half-year revenue down 16%







Photo credit © Maurel & Prom

(Boursier.com) — The Group’s production in M&P share amounts to 27,406 boe/d for the first half of 2023. The average selling price of oil is $74.8/b for the period.

The Group’s valued production (revenue from production activities, excluding pick-up delays and inventory revaluation) amounted to $289 million for the first half of 2023.

The restatement of removal delays, net of the revaluation of the value of inventories had a minimal effect on the period (-$1 million). After integrating the $11 million relating to drilling activities, consolidated revenue for the first half of 2023 therefore amounts to $299 million (-16%).


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