Maurel & Prom: ANH Approval for Future Gas Production in Colombia

Maurel & Prom, an energy company, has received approval from the Colombian National Hydrocarbons Agency to acquire a 61% stake in the Sinu-9 gas license in Colombia. This approval marks a key milestone, enabling Maurel & Prom to become the license operator. The drilling program is scheduled to begin in January 2026.

The transaction includes the acquisition of a 40% stake in MKMS Enerji and a 21% stake in Desarrolladora Oleum and Clean Energy Resources. The total payment is $185 million, with $78 million to be paid upon closing. The balance will be settled throughout 2026. Since July, production capacity has reached 21 million cubic feet per day.

Maurel & Prom plans to increase this capacity to 40 million cubic feet per day by the second quarter of 2026.