Maurel & Prom makes new Colombia oil discovery

PARIS, Feb 12 (Reuters) - French oil and gas group Maurel & Prom (MAUP.PA: Quote, Profile, Research, Stock Buzz)said on Monday that its Hocol subsidiary had made a major oil discovery in Colombia at the San Jacinto/Rio Paez site.

"The first estimate indicates a potential of the field's possible reserves of 83 Mbbls at 100 percent, to be validated through additional work," Maurel & Prom said in a statement.

Maurel & Prom's partners on this exploration permit are Cepsa (CEP.MC: Quote, Profile, Research, Stock Buzz) which has a 33.33 percent stake, and Petrobras (PETR4.SA: Quote, Profile, Research, Stock Buzz) which has a 30 percent stake. Hocol holds around 37 percent.