US EditionNG Energy Announces Closing Of Sinú-9 Transactions
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NG Energy Announces Closing Of Sinú-9 Transactions
CALGARY — On Jan. 6, NG Energy International Corporation announced it has successfully closed its transactions with: Etablissements Maurel & Prom S.A. for the sale of a 40% operating working interest in the Sinú-9 Block for total cash consideration of US$150 million. The minority partners at the Sinú-9 Block, together with Maurel & Prom, for the acquisition of a collective 28% working interest in the Sinú-9 Block. As a result of the closing of t…
Maurel and Prom assumes operatorship of Sinu-9 gas license
Maurel and Prom assumed a majority working interest in the Sinu-9 license and takes over as operator. The transition marks the start of a new operational phase for its Colombian portfolio. The Sinu-9 license entered production in November 2024 as part of a long-term production test from the Magico-1X and Brujo-1X wells. Gross gas production … The post Maurel and Prom assumes operatorship of Sinu-9 gas license appeared first on Drilling Contracto…
Sinú Block. Image: ANHMaurel & Prom (M&P) completed the acquisition of 61% of the SINU-9 block, which operates in Colombia. The approval was granted by the National Hydrocarbon Agency (ANH) on December 29, 2025. The process translates to NG Energy giving 40 % of its stake, while Developer Oleum and Clean Energy delivered 21 % additional. These two transactions amounted to US$229 million. NG Energy Blocks: Image: NG Energy Now, M&P noted that, wi…
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