Maurel and Prom (M&P) activity for the first nine months of 2026 showed a decrease in crude oil production across its African interests compared with year-to-year 2025 operations, amid the Pacassa South West well confirming the presence of oil and doubling down on exploration activity.
M&P’s (W.I. 80%) on the Ezanga licence averaged 13,710 bopd in the first nine months of 2026, down 10% compared with the same period in 2025. The notable decrease was due to a scheduled production shutdown in June, as well as water injection issues currently being resolved.
A well stimulation campaign is scheduled to begin before the end of the year to enhance the field’s production potential. On the exploration front, the seismic acquisition campaign on the Ezanga licence was successfully completed, covering a total of 575 km, with no lost-time injuries over 568 days of operations.
In addition, discussions with the Gabonese authorities are well advanced regarding the further development of the Etekamba gas licence, with a drilling programme of one to two wells being considered for 2027.
M&P’s Angola working interest oil production from Blocks 3/05 (20%) and 3/05A (26.7%) averaged 3,973 bopd in the first nine months of 2026, down 9% compared with the same period in 2025. The Block 3/05′ drilling programme launched in April 2026 is continuing. The Pacassa South West well confirmed the presence of oil, with a 136-metre oil column, and an estimated volume of approximately 70 mmbbls (gross).
Operational challenges have led to postponement of its completion, and it is now planned after drilling Impala-2, with first production expected in the first quarter of 2027. Drilling of the Impala-2 development well started in October, with first production expected in January 2027.
The data collected from the Impala field will help optimise its redevelopment programme. A further milestone has been reached towards completion of M&P’s acquisition of additional interests from Etu Energias in Blocks 3/05 and 3/05A (3.33% and 3.66%, respectively), following the publication in early October by Angola’s Ministry of Mineral Resources, Petroleum and Gas (“MIREMPET”) of the executive decree relating to Block 3/05.
Completion of the transaction is therefore now dependent only on publication of the corresponding decree for Block 3/05A. In addition, the Quilemba Solar photovoltaic power plant began commercial production in mid-July 2026.
