Maurel & Prom acquires 61% stake in Colombia’s Sinu-9 gas block

Etablissements Maurel & Prom (M&P) has completed the acquisition of a 61% moving involvement and operatorship successful the producing Sinu-9 state licence successful Colombia for a full information of $229m (€196.14m).

The announcement follows support from Colombia's National Hydrocarbons Agency successful December 2025.

The Sinu-9 state block, situated successful the Lower Magdalena Valley, covers astir 1,260km² successful the section of Córdoba. It is astir 75km from the Caribbean seashore of Colombia.

It lies wrong the Sinu San Jacinto basin, adjacent to producing state blocks operated by Canacol and Hocol.

M&P’s involvement acquisition progressive 2 abstracted transactions.

The French lipid and state institution secured a 40% moving involvement from MKMS Enerji Anonim Sirketi, a subsidiary of NG Energy International, nether a an statement signed successful February 2025.

The further 21% involvement successful the artifact was acquired from Desarrolladora Oleum and Clean Energy Resources, including the transportation of operatorship, with agreements formalised successful July 2025.

After accounting for beforehand payments, M&P had an outstanding equilibrium of $185m astatine closing, of which $78m was paid immediately.

The remaining $108m volition beryllium settled done instalments during 2026.

M&P besides holds an enactment to acquisition an further 5% involvement successful the Sinu-9 artifact from NG Energy for $18.75m wrong 12 months. This is taxable to currency travel adjustments from the effectual day of 1 February 2025.

M&P CEO Olivier de Langavant said: “We are precise blessed to person completed this acquisition and to go relation of the Sinu-9 licence. This marks the opening of a caller signifier for M&P successful Colombia. The teams are afloat mobilised, and we are present focused connected execution and worth creation.”

Production astatine Sinu-9 commenced successful November 2024 during the semipermanent investigating signifier of the Magico-1X and Brujo-1X wells.

Since July 2025, gross accumulation capableness has stabilised astatine astir 21 cardinal cubic feet per time (mcf/d) pursuing the main plant's commissioning.

Current infrastructure supports a gross accumulation capableness of 30mcf/d, with an summation to 40mcf/d planned by the 2nd 4th of 2026.

Additionally, M&P plans to initiate a six-well exploration run successful the Sinu-9 artifact successful February 2026.

"Maurel & Prom acquires 61% involvement successful Colombia’s Sinu-9 state block" was primitively created and published by Offshore Technology, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.