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NG Energy

Luis GIUSTI

CENTER FOR STRATEGIC AND INTERNATIONAL STUDIES

When facing the mid-term future, the challenge for Colombia rises as Mexico takes the first steps to open its oil and gas industry to international players.
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NG Energy In figures:

Daily gas production target: 5.66 mcm (200 mcf)

Total 1P, 2P and 3P reserves target: >28.3 bcm (1 tcf)

NG Energy is a Canadian company focused on the exploration and production of natural gas in Colombia. The company is growth oriented, aiming to deliver long-term shareholder and stakeholder value. At the end of 2024, it produced 509,400-566,000 cubic metres (18-20 mcf) of gas per day and has a gas treatment and compression plant that can process up to 566,600 mcm (20 mcf) per day, which the company markets through Colombia’s midstream network.

NG Energy has three blocks in Colombia:

  • María Conchita is the company’s first producing block, and its output is continuing to increase as the firm drills more wells.
  • Sinú-9 is the company’s flagship block, with 3P reserves of around 6.95 bcm (245.3 bcf) and the potential to produce 3.4 mcm (120 mcf) of gas per day.
  • Tiburón is a block with high potential in La Guajira region, located near the prolific fields of Chuchupa and Ballena.

NG Energy’s mission is to discover and develop large-scale gasfields in the Americas to support both the energy transition and economic growth. For the company, this entails achieving a total daily production goal of 5.66 mcm (200 mcf) per day of gas by 2026-2027, with at least 28.3 bcm (1 tcf) in 1P, 2P and 3P reserves.

Company website: https://www.ngenergyintl.com/

NG Energy News and Interviews

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Interview
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Colombia - September 09, 2024

Raúl Pérez Tatis of Puerto Bahía talks about how the port can support hydrocarbons and clean energy.

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Abu Dhabi’s ADNOC inks LNG supply deal with Indian Oil
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Abu Dhabi’s ADNOC inks LNG supply deal with Indian Oil
UAE - September 09, 2024

Abu Dhabi's ADNOC has signed a 15-year LNG deal for the supply of 1 million tonnes per year to Indian Oil.

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Siemens Energy wins green hydrogen contract in Germany
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Siemens Energy wins green hydrogen contract in Germany
Germany - September 06, 2024

Siemens Energy has won a contract to build a 280-MW green hydrogen project from German utility EWE.

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NG Energy accelerates plan to supply critical gas in Colombia
NEWS
NG Energy accelerates plan to supply critical gas in Colombia
Colombia - September 04, 2024

NG Energy will add 2.2 mcm (76 mcf) per day of pipeline capacity at its Sinu-9 gas development in Colombia.

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