NG Energy, Maurel & Prom acquire stake in Colombia gas block

BOGOTA, July 3, 2025 – NG Energy and Maurel & Prom have agreed to acquire a collective 28% working interest in a gas block in Colombia from existing minority partners, NG Energy said on Thursday.

Following the transaction and completion of a previously announced deal transferring a 40% interest to Maurel & Prom, NG Energy will hold a 39% stake in the block while Maurel & Prom will hold 61% and operatorship. The companies are preparing to launch a six-well exploration and appraisal campaign starting as early as October 2025.

NG Energy will pay USD 26.25 million for its 7% share in the acquisition, including an initial deposit of USD 2.625 million and a final payment of USD 23.625 million upon closing. Closing of all transactions is expected in Q3 2025, pending regulatory approval from Colombia’s National Hydrocarbons Agency and other customary conditions.

“This consolidation of the Minority Interests in Sinu-9 represents a pivotal step in strengthening our partnership with Maurel & Prom and advancing our shared vision for the block,” NG Energy executive chairman Brian Paes-Braga said.

“We are pleased to advance our expansion strategy in Colombia and further increase our position in the promising Sinu-9 block,” Maurel & Prom CEO Olivier de Langavant said.

“This acquisition consolidates M&P’s long-term exposure to a high-quality gas asset with substantial development and exploration potential. As an operator, we are well positioned to unlock the full value of this strategic resource.”

NG Energy International is a Canadian-headquartered exploration and production company focused on the development of natural gas assets in Colombia. The company’s key operations include its flagship Maria Conchita and Sinu-9 blocks, where it targets delivering clean energy to underserved markets in Latin America.

Read our latest interview with Jorge Fonseca, CFO of NG Energy, here.

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