GABON · OIL
Key Facts
- —What is happening Maurel & Prom’s Gabon sales rose 22% to US$345 million in the first nine months of 2026, the Paris-listed oil company said on Thursday 22 October 2026, while its Gabon output fell 10%.
- —Why it matters Sales rose although output fell, in a year when the group’s average oil price was 40% higher; the release does not say how much of the gain came from price.
- —The numbers Gabon sales were US$345 million against US$283 million a year earlier, output averaged 13,710 barrels a day against 15,312, and the group’s average sale price reached US$98.8 a barrel.
- —Who is who Maurel & Prom is an oil producer listed in Paris with operations in Gabon, Angola, Tanzania, Colombia and Venezuela, and it holds 80% of Gabon’s Ezanga oil licence.
- —What to watch A well stimulation campaign to lift Ezanga output is due to begin before the end of 2026, and talks on the Etekamba gas licence could bring one or two wells in 2027.
- —What it means for you US readers get a read on crude prices and on Gabon’s oil income, since a US$98.8 barrel lifts producers’ sales; it is news, not investment advice, and gives no price target.
Maurel & Prom Gabon sales rose 22% to US$345 million in nine months, in a year of a 40% higher group oil price. Output at Ezanga fell 10% to 13,710 barrels a day.
Maurel & Prom Gabon sales rose 22% to US$345 million in the first nine months of 2026. The Paris-listed oil company said so on Thursday 22 October 2026, while Gabon output fell 10% to 13,710 barrels a day.
Sales rose while output fell, which matters to US readers who follow crude and fuel costs. The Gabonese news site Gabonreview carried the numbers the same day, and the company’s own table confirms them.
Maurel & Prom Gabon Sales at a Glance
The company’s activity release, number 22-26, puts Gabon sales at US$345 million against US$283 million a year earlier. That is a rise of US$62 million, or 22%.
Gabon sales were US$101 million in the first quarter, US$130 million in the second and US$114 million in the third. The third quarter was therefore about 12% below the second.
Gabon supplied about two thirds of the group’s valued production, which came to US$521 million. That share is simple division of the company’s table figures, not a number the company states.
Maurel & Prom reports in US dollars, and the release calls these figures sales. No currency conversion was needed, so every US$ figure here is the company’s own.
Why Output Fell While Sales Rose
Maurel & Prom’s share of Ezanga oil output averaged 13,710 barrels a day, down 10% from 15,312 a year earlier. The company owns 80% of the licence, so this is its share, not the whole field.
The company names two causes: a scheduled production stop in June and water injection problems it says are being resolved. Water injection pushes water into a reservoir to keep pressure up and oil flowing.
A well stimulation campaign is due to begin before the end of the year to improve the field’s production potential. Gabonreview carries the same plan and ties it to the year end.
Output was almost flat between the second and third quarters, at 13,341 and 13,345 barrels a day. The first quarter was higher, at 14,456 barrels a day.
What Oil Prices Did to the Numbers
The group’s average oil sale price was US$98.8 a barrel in the first nine months, up 40% from US$70.6 a year earlier. The release gives that price for the whole group, not for Gabon alone.
By quarter, the group price was US$90.8 in the first, US$117.9 in the second and US$87.2 in the third. Gabon’s sales fell to US$114 million in the third quarter, and the release gives no reason for the dip.
Across the group, consolidated sales rose 17% to US$574 million. Production rose 4% to 39,126 barrels of oil equivalent a day, with Tanzanian gas up 12% and Gabon oil down 10%.
Gabon is the group’s largest source of sales, ahead of Angola (US$93 million), Tanzania (US$63 million) and Colombia (US$21 million). The group also held a positive net cash position of US$40 million at 30 September 2026.
On exploration, a seismic campaign on Ezanga is complete, covering 575 kilometres over 568 days with no lost-time injuries. Talks with Gabonese authorities on the Etekamba gas licence are described as well advanced, with one to two wells considered for 2027.
What It Means for US Readers
The result is a read on crude prices and on Gabon’s oil income, not a tip on any share. Nothing here is investment advice.
A group sale price near US$99 a barrel is the context for the sales rise, though the release gives no split. Ezanga’s 13,710 barrels a day is too small a volume to move US pump prices.
US firms also work in Gabon, among them Vaalco Energy, which Ecofin Agency calls US-based and links to the Etame Marin permit. Ecofin says Vaalco reported Gabon output of about 14,300 barrels of oil equivalent a day in 2025.
What Is Not Known
The company gives no Gabon-only oil price, so the split between price and volume effects cannot be worked out from the release. It also gives no Gabon profit, tax or royalty figure for the period.
The release is an activity update, not audited accounts, so full-year accounts may refine these figures. The Gabonreview article did not link the company release, which is why the company PDF was read directly.
The company sets no target for output after the stimulation campaign. Gabonreview puts the 2025 average at 14,662 barrels a day.
What Comes Next
The stimulation campaign on Ezanga is due to start before the end of 2026. The company still expects to complete its purchase of Gran Tierra’s assets in Colombia and Ecuador by 31 December 2026.
The company’s January financial calendar gives no date for full-year 2026 results. Readers can watch the next activity update for Gabon output after the campaign.
Frequently Asked Questions
How much did Maurel & Prom’s Gabon sales rise?
Sales rose 22% to US$345 million in the first nine months of 2026, from US$283 million a year earlier. The figure comes from the company’s release of Thursday 22 October 2026.
Why did sales rise if output fell?
The group’s average oil sale price rose 40% to US$98.8 a barrel, while Gabon output fell 10%. The release does not give a Gabon-only price or explain how much came from price.
What is Ezanga?
Ezanga is the oil licence in Gabon in which Maurel & Prom holds 80%. Its share of output averaged 13,710 barrels a day in the nine months.
Does this affect US fuel prices?
No, the volumes are too small to move US pump prices. The higher world oil price behind the result is a wider trend that US drivers feel.
Is this a stock to buy?
This article is news, not investment advice, and it gives no price target. The company is listed in Paris, and the release does not discuss its share price.
Sources: Maurel & Prom, Activity for the first nine months of 2026 (press release PDF); Gabonreview, 22 October 2026; Gabonreview, 2025 results; Ecofin Agency, Vaalco; Maurel & Prom 2026 financial calendar (all accessed 22 October 2026).
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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