Brief: Maurel & Prom Signs To Buy In Consortium Azule Energy's Interests In Blocks 14 & 14K Offshore Angola

Etablissements Maurel et Prom SA

12/12/2025 06:09

Dec 12 (Reuters) - Etablissements Maurel et Prom SA MAUP.PA:

SIGNING OF A SPA FOR THE ACQUISITION OF AZULE ENERGY'S INTERESTS IN BLOCKS 14 & 14K OFFSHORE ANGOLA

CLOSING OF THE TRANSACTION IS EXPECTED MID-2026

TRANSACTION CARRIES A BASE CASH CONSIDERATION OF $195 MILLION ($97.5 MILLION NET TO M&P)

JOINT ACQUISITION OF A 20% INTEREST IN BLOCK 14 (10% NET TO M&P) AND A 10% INTEREST IN BLOCK 14K (5% NET TO M&P)

CONTINGENT PAYMENTS OF UP TO $115 MILLION MAY BECOME PAYABLE UPON OCCURRENCE OF SPECIFIC EVENTS

Further company coverage: MAUP.PA

 (Gdansk Newsroom)

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