NG Energy sells 40% operating working interest in Sinú-9 Block to Maurel & Prom

Deal Analysis

NG Energy International Corp. has completed the sale of a 40% operating working interest in the Sinú-9 Block in Colombia to Etablissements Maurel & Prom S.A. for US$150 million. This transaction provides NG Energy with significant capital while allowing Maurel & Prom to expand its operational footprint in Colombia's oil and gas sector. The deal involves a transfer of operating responsibilities alongside the working interest, suggesting a strategic partnership or a shift in operational focus for NG Energy within the Sinú-9 Block. The sale represents a notable investment in Colombian oil and gas assets, particularly given the involvement of established players like Maurel & Prom. The cash consideration of US$150 million suggests a significant valuation for the Sinú-9 Block and reflects confidence in its potential. This transaction could signal further consolidation or investment activity within the Colombian oil and gas market as companies seek to optimize their portfolios and capitalize on regional opportunities.

NG Energy sells a 40% operating working interest in the Sinú-9 Block.
Maurel & Prom acquires the interest for US$150 million.
The deal involves a transfer of operating responsibilities.
The transaction highlights continued investment in Colombian oil and gas assets.

Market Context: The deal occurs within the context of the Colombian oil and gas market, where companies are actively engaged in exploration, development, and production activities. The involvement of international players like Maurel & Prom underscores the attractiveness of the region for investment and potential for growth.

Source Intelligence

KEY DETAILS

The Company's working interest in Sinu-9 was reduced to 39% upon completion of the Sinu-9 Transactions as announced in the Company's news release dated January 6, 2026. Quote: "the Company's news release dated January 6, 2026."

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Deal Size

for the sale of a 40% operating working interest in the Sinú-9 Block for total cash consideration of US$150 million

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Location

the sale of a 40% operating working interest in the Sinú-9 Block

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Announcement

CALGARY, AB , Feb. 23, 2026

PARTIES MENTIONED IN SOURCE

N

NG Energy seller

"NG Energy, through MKMS and MKMS Colombia, completed its previously announced transactions with Etablissements Maurel & Prom S.A. for the sale of a 40% operating working interest in the Sinú-9 Block"

M

Maurel & Prom buyer

"NG Energy, through MKMS and MKMS Colombia, completed its previously announced transactions with Etablissements Maurel & Prom S.A. for the sale of a 40% operating working interest in the Sinú-9 Block"

M

MKMS seller

"NG Energy, through MKMS and MKMS Colombia, completed its previously announced transactions with Etablissements Maurel & Prom S.A. for the sale of a 40% operating working interest in the Sinú-9 Block"

M

MKMS Colombia seller

"NG Energy, through MKMS and MKMS Colombia, completed its previously announced transactions with Etablissements Maurel & Prom S.A. for the sale of a 40% operating working interest in the Sinú-9 Block"

high quality Enriched Feb 24, 2026