Maurel And Prom Company
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Maurel And Prom Company
Maurel & Prom is an oil company specialising in the production of hydrocarbons. It is listed on Euronext Paris and has its registered office in Paris. The Group generates most of its business in Africa through the exploitation of onshore production assets (in Gabon and Tanzania) and a significant stake in SEPLAT, one of Nigeria’s leading indigenous operators. Since 16 February 2017 Maurel & Prom has been backed by PIEP, a subsidiary of oil company Pertamina, and aims to become the international development platform for the upstream activities of Pertamina and PIEP. 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. Assets Portfo ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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