4.698 €
(-0.84 %)
Etablissements Maurel & Prom S.A. ("M&P", the “Group”) is pleased to announce it has agreed to acquire a 21% interest in the Sinu-9 gas block in Colombia, in addition to the acquisition of a 40% interest announced in February 2025.
Closing of the transactions remains subject to the receipt of regulatory approvals, including the approval of Colombia’s National Hydrocarbons Agency (the “ANH”), and the satisfaction of other customary closing conditions. Closing of all transactions is expected in Q3 2025.
Olivier de Langavant, Chief Executive Officer of M&P, declared: “We are pleased to advance our expansion strategy in Colombia and further increase our position in the promising Sinu-9 block. 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. We also look forward to enhancing our collaboration with NG Energy and contributing meaningfully to Colombia’s energy security.”
Press Release:
