Maurel & Prom projects investments of up to US$180 million in Sinú-9 block after majority entry
Carlos Machado, president of Maurel & Prom Photo: Pedraza Productions
TL;DR
- Maurel & Prom plans to invest between US$150 million and US$180 million in the Sinú-9 block over two years.
- The investment focuses on exploration, delineation, and development of gas resources in Colombia.
- The plan involves drilling up to six wells, acquiring seismic data, and delimiting existing finds.
- Capital is allocated to high-risk exploratory activities, with potential for non-recovery.
- The company acquired a 61% operating stake in the Sinú-9 block on January 5, 2026, for US$229 million.