Maurel & Prom announces that it has received from the OFAC of the US Treasury Department a specific license for its consolidated 40% interest in the mixed company Petroregional del Lago (PRDL), which operates the Urdaneta Oeste field in Venezuela.

This specific license allows US entities and banks to collaborate with M&P on its activities in Venezuela, and consequently it will be able to continue to operate in accordance with the agreements signed with Petróleos de Venezuela on November 7, 2023.

This is excellent news for M&P, which gives us clear visibility for the future", commented Managing Director Olivier de Langavant. The current expiry date of the specific license is May 31, 2026, and the Group expects it to be renewed.

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