In 2023, Maurel & Prom (M&P), a key player in the African oil and gas sector, invested $107 million (65.7 billion FCFA) in development projects in Gabon, representing a 16% increase from the previous year's $92 million (56.5 billion FCFA). This investment stresses their commitment to expanding drilling operations at their principal site, the Ezanga field.

The investments were allocated as follows: $85 million for the development of the Ezanga asset in Gabon, $12 million for operations in Angola, and $8 million for their drilling subsidiary, Caroil. Additionally, $11 million was earmarked for exploration activities at the Ezanga permit, particularly for the Ezal discovery.

These financial commitments have stimulated a significant increase in oil production within the Ezanga permit. M&P's oil production share, which stands at 80%, reached 15,354 barrels per day in 2023, up 5% from 2022. The year also witnessed a small but notable discovery at the Ezal structure, which was swiftly integrated into the production lineup. A well stimulation campaign conducted towards the end of the year yielded promising results, as reported by M&P.

Having operated in Gabon for about two decades, Maurel & Prom has emerged as one of the nation's leading oil producers. The company is prepared to further expand its operations in the region in the coming years.