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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. 

Company Quote

11.685
-0.015 -0.13%
29 Jul 2014