Maurel & Prom Thrives in Tanzania
Indonesian state-owned explorer Maurel & Prom reported a big increase in Tanzanian gas output last year, as demand was up. Output averaged 40mn ft3/day, being its 48.06% share of the consortium's average 83.2mn ft3/d, it said. That was a year on year increase of 69%.
It is the operator of the Mnazi Bay block with partners Wentworth and state TPDC. Power demand rose as new plants came onstream and on occasion output reached 90 mn ft3/d. In the second half of the year productin averaged 87mn ft3/d.
The Group’s consolidated sales for 2018 amounted to $440mn, up by 10% on 2017. The sharp rise in oil prices in 2018 more than compensated for the drop in oil production in Gabon which was caused by technical constraints with the evacuation process, it said. It is owned by Pertamina.