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Etablissements Maurel et Prom SA Announces Joint Venture Agreement with Maurel & Prom Nigeria SA

Tuesday, 30 Apr 2013 04:38pm EDT 

Etablissements Maurel et Prom SA announced that its board of directors has authorised a partnership to be set up with Maurel & Prom Nigeria SA (MPNG) and established its guiding principles. This partnership will take the form of a joint venture, with EUR100 million capital, one third owned by Maurel et Prom and two thirds by MP Nigeria. Under the terms of this partnership, new development projects would as a priority be offered to this joint venture, which would handle their development, with each of the two shareholder companies free to continue developing operations in their traditional business sectors. 

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29 Jul 2014