M&P Expands Stake in Sinu-9 Gas Block in Colombia

Maurel & Prom (M&P) has announced an agreement to acquire a 21% interest in the Sinu-9 gas block in Colombia, supplementing a 40% interest acquisition disclosed earlier in 2025. This move consolidates M&P's presence in the block with expected transaction completion in Q3 2025, pending regulatory approvals from Colombia’s National Hydrocarbons Agency.

This strategic acquisition positions M&P as the operator with a 61% working interest, while NG Energy retains 39%. The joint venture aims to capitalize on the block's substantial gas resources and supports Colombia's energy security.

Financially, M&P plans to pay $78.75 million for the additional interest with the revised payment terms secured for NG Energy's 40% stake acquisition. The Sinu-9 block, recognized for its significant reserves, promises increased production capacity, propelled by planned infrastructure enhancements.