Basis of Assala was the acquisition of Shell’s Gabon portfolio
Maurel & Prom acquires independent Assala
The French firm confirms its position in Gabon
French independent Maurel & Prom has acquired London-based Assala Energy from investors Carlyle, making the expanded company the largest onshore operator in Gabon. Maurel & Prom describes the $730m deal as “transformational”, and one which not only strengthens its position in Gabon, but its relationship with the government. The French firm’s acquisition includes 97m bl of 2P reserves and a working interest production of 40,700b/d over the first half of 2023. The purchase of Assala’s shares from Carlyle is “fully financed” and “supported by low-cost debt financing”, the company noted. There is “material optimisation potential for the combined business”, said Maurel & Prom, which p
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
