Brief: M&P Included In OFAC’s General License 50A Related To Venezuela

Etablissements Maurel et Prom SA

19/02/2026 07:41

Feb 19 (Reuters) - Etablissements Maurel et Prom SA MAUP.PA:

M&P INCLUDED IN OFAC’S GENERAL LICENSE 50A RELATED TO VENEZUELA

GL 50A ALLOWS M&P TO RESUME AND CONDUCT OIL AND GAS OPERATIONS IN VENEZUELA, INCLUDING TRANSACTIONS INVOLVING GOVERNMENT OF VENEZUELA AND PETRÓLEOS DE VENEZUELA S.A.

GL 50A REQUIRES M&P TO AMEND ITS AGREEMENTS WITH PDVSA TO BE GOVERNED BY U.S. LAW AND DISPUTE RESOLUTION WITHIN THE U.S.

GL 50A AUTHORISES TO ENGAGE IN TRANSACTIONS OTHERWISE PROHIBITED UNDER VENEZUELA SANCTIONS REGULATIONS RELATING TO OIL AND GAS OPERATIONS

GL 50A REQUIRES PAYMENTS (INCLUDING TAXES, ROYALTIES) TO GOVERNMENT OF VENEZUELA OR PDVSA TO BE MADE IN ACCORDANCE WITH MECHANISMS SPECIFIED BY U.S. AUTHORITIES

URDANETA OESTE FIELD: GROSS PRODUCTION AVERAGED APPROXIMATELY 21,000 BOPD IN JANUARY 2026

Source text: ID:nBw3rCtK0a

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 (Gdansk Newsroom)

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