Maurel & Prom Secures Key Approval for Colombian Gas Acquisition

Etablissements Maurel & Prom S.A. (M&P) has received approval from Colombia’s National Hydrocarbons Agency (ANH) for its acquisition of a 61% interest in the Sinu-9 gas permit. This marks a crucial step for the Group as it prepares to take on operatorship and proceed with its drilling programme in January 2026.

The transaction involves two acquisitions: a 40% stake from MKMS Enerji Anonim Sirketi S.A., finalized on February 9, 2025, and an additional 21% from Desarrolladora Oleum S.A. de C.V. and Clean Energy Resources S.A.S., with agreements inked on July 2, 2025.

Total outstanding consideration amounts to $185 million, with $78 million due at closing. Sinu-9, producing since November 2024, is set to boost its output capacity to 40 mmcfd by Q2 2026, supporting Colombia's energy security.