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Tuesday, 02 December, 2008, 22:10 GMT | more >>

M&P rakes in revenues



By Upstream staff 

French producer Maurel & Prom has seen its revenues rise in the first quarter, coming in at €74.9 million ($116.7 million), up from €60.1 million in the same period last year.

M&P added that first-quarter sales rose 25%, boosted by oil production in Colombia.

Revenue from wholly owned drilling subsidiary Caroil eased slightly to €21 million.

"Sales were favourably impacted by higher oil prices and negatively by the dollar/euro exchange rate," M&P said, adding that group first-quarter sales expressed in dollars rose 42% to $112.2 million.


Wednesday, 30 April, 2008, 06:57 GMT  | last updated: Wednesday, 30 April, 2008, 06:57 GMT

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