Maurel & Prom

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Etablissements Maurel et Prom S.A.
Type Public
Industry Oil and Gas Drilling and Exploration.
Shipping and Trade (until 1970).
1970-1995: oil, mining, forestry, food processing.
Founded 1813
Headquarters Paris, France
Key people Jean-François Hénin, chairman and CEO
Daniel Pélerin, Exploration Director,
Michel Hochard, CFO
Employees 394
Website www.maureletprom.fr
Former building of Maurel et Prom, at Saint-Louis, Senegal

The Maurel and Prom Company (French Etablissements Maurel et Prom S.A., MAUREL ET PROM, Maurel & Prom) is a French public company based in Paris. It is France's second-biggest oil company.[1] Its name dates back to 1813. It is now an oil explorer with operations in Latin America and Africa.[2]

Historically, Maurel & Prom was based in Bordeaux and was one of France's largest family-run shipping and foreign trade houses. It had trading interests throughout the French colonial empire, which included trading houses in Saint-Louis, Senegal, and modern Guinea, Gambia, Mali and Ivory Coast. The company changed its focus to agribusiness in 1986. It pivoted to oil exploration and production in 1998.[2]

Maurel & Prom is now a holding company with fewer than 400 employees. It is involved in international exploration and production of hydrocarbons, including the drilling of offshore oil and natural gas in Africa and the Caribbean. The company has drilling contracts in the Democratic Republic of Congo, Gabon, Tanzania,[3] Peru[4] and Colombia. The company holds a 45% stake in Seplat, a Nigerian oil company, that was formed in 2009.[5]

Notes[edit]

  1. ^ Horobin, William; Amelie Baubeau (March 11, 2009). "Maurel et Prom to Sell Subsidiary to Ecopetrol - WSJ.com". The Wall Street Journal. Retrieved 20 August 2012. 
  2. ^ a b "Key Dates". Maurel & Prom. Retrieved 20 August 2012. 
  3. ^ Foden, Giles (September 11, 2003). "They made a mess of Nigeria...". The Guardian. Retrieved 20 August 2012. 
  4. ^ "Drilling Opportunities". Maurel & Prom. Retrieved 15 April 2013. 
  5. ^ Chazan, Guy (July 22, 2012). "Indigenisation: Legislation suggests better prospects for local groups - FT.com". Financial Times. Retrieved 20 August 2012. 

References - Contemporary company[edit]

References - History[edit]

  • Andrew, C.M. & Kanya-Forstner, A.S.; "French Business and the French Colonialists." The Historical Journal, Vol. 19, No. 4 (Dec., 1976), pp. 981–1000
  • Barrows, Leland C.; General Faidherbe, the Maurel and Prom Company, and French Expansion in Senegal. Dissertation Abstracts International 35 8 (1975).
  • Barrows. Leland C.; "Faidherbe and Senegal: A Critical Discussion". African Studies Review, Vol. 19, No. 1 (Apr., 1976), pp. 95–117.
  • Gellar, Sheldon; Structural Changes and Colonial Dependency: Senegal, 1885-1945. Sage: London (1976).
  • Hopkins, A.G.; "Imperial Business in Africa. Part I: Sources." The Journal of African History, Vol. 17, No. 1 (1976), pp. 29–48
  • McLane, Margaret O.; "Commercial Rivalries and French Policy on the Senegal River, 1831-1858." African Economic History, No. 15 (1986), pp. 39–67.
  • Marfaing, Laurence; L'Evolution du commerce au Senegal, 1820-1930. Paris (1992)
  • Newbury, C.W.; "The Protectionist Revival in French Colonial Trade: The Case of Senegal." The Economic History Review, New Series, Vol. 21, No. 2 (Aug., 1968), pp. 337–348.
  • Niaré, Djibril Issa; CONTRIBUTION À L'HISTOIRE ÉCONOMIQUE DU SOUDAN FRANÇAIS :LE COMMERCE COLONIAL :1870-1960. Université de Bamako Faculté des Lettres, Langues, Arts et Sciences Humaines (2007)
  • Péhaut, Yves; "Les maisons de négoce bordelaises face aux mutations du négoce dans les années 1920-1960 (Maurel et Prom)", in BONIN Hubert, CAHEN Michel (eds), Négoce blanc en Afrique noire. L'évolution du commerce à longue distance en Afrique noire du 18e au 20e siècles. Paris, Société française d'histoire d'outre-mer - Alterna, 2001.
  • Péhaut, Yves; Le réseau d’influence bordelais : la "doyenne" Maurel & Prom jusqu’en 1914.