![Colombia Colombia](https://cdn-www.bnamericas.com/img/flags/COLOMBIA.jpg)
NG Energy eyeing Colombia gas production ramp-up
![NG Energy eyeing Colombia gas production ramp-up](https://cdnimg.bnamericas.com/GwpXbSgmgUWEBQQJYLYaJyTQZftfYHaIIrbgkxsbvVMMauimfoaSBMxscLNTFuVR.jpg)
Canada's NG Energy plans to raise natural gas output from its Colombian operations more than sixfold over the next 18 months, the company's chief financial officer told BNamericas.
The Toronto-listed company is aiming to produce 130Mf3/d (million cubic feet a day) by the end of 2025, up from a current level of around 20Mf3/d.
"We are not naive to the enormity of the task but with great relationships in the country, great partners and continued hard work, we are extremely confident we will meet this objective," CFO Jorge Fonseca said in a telephone interview.
The company is currently producing 20Mf3/d from its María Conchita block in La Guajira department and seeks to raise output from the area to 30Mf3/d by the first quarter next year.
But the "crown jewel" of the company's operations, according to Fonseca, is the Sinu-9 area in Córdoba department.
"At Sinu-9 we have two wells, Brujo and Mágico, and we are weeks away from completing a major infrastructure project, which will connect these wells to the Jobo [gas hub] and the Promigas pipeline," he said.
Sinu-9 is on track to come on stream on August 15, initially producing 10Mf3/d before building up to existing transport capacity of 30Mf3/d. A 10Mf3/d capacity expansion is expected to be completed by November, allowing production to reach 40Mf3/d
"And with an increase from María Conchita in the first quarter of next year, our total company production will go up to 70Mf3/d," Fonseca said. "That will make us, I believe, a very important company in Colombia."
The bulk of the expected production ramp-up in 2025 will come from phase two of the Sinu-9 project, which envisages the construction of two additional pipelines and the drilling of at least three exploration wells.
"I believe NG is probably the only good news in the industry right now," Fonseca said. "We are the only ones that can put new gas in the market in the next 36 months and help mitigate the supply issue and the high prices."
The first part of the interview with Fonseca can be seen here. The second part will be published in the coming days.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Oil & Gas (Colombia)
![Frontera ramping up Colombia infra works, eyes production uptick](https://cdn-www.bnamericas.com/img/sectors/oilgas_1.jpg)
Frontera ramping up Colombia infra works, eyes production uptick
The Canadian company said output would soon be boosted by a new injector well and increased water handling capacity at its Quifa field.
![Ecopetrol eyeing bid for Canacol gas assets](https://cdn-www.bnamericas.com/img/sectors/oilgas_2.jpg)
Ecopetrol eyeing bid for Canacol gas assets
Colombia's state-run energy company is seeking to reinforce domestic gas supply amid fears of an imminent shortage.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Oil & Gas (Colombia)
Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Block LLA-47
- Current stage:
- Updated:
3 days ago
- Project: Acordionero field
- Current stage:
- Updated:
3 days ago
- Project: Aguas Blancas Field
- Current stage:
- Updated:
4 days ago
- Project: Sinu-9 field gas pipeline - Jobo-Majagua pipeline
- Current stage:
- Updated:
5 days ago
- Project: Barranquilla - Ballena bidirectional works
- Current stage:
- Updated:
2 weeks ago
- Project: Orotoy 50 K Station (former Santa Monica)
- Current stage:
- Updated:
4 weeks ago
- Project: Barrancabermeja Refinery Modernization (PMRB)
- Current stage:
- Updated:
1 month ago
- Project: Expansion of the trunk network and natural gas distribution networks for the rural and urban area of the municipality of Aguazul Casanare
- Current stage:
- Updated:
11 months ago
- Project: Improvement of tertiary roads for the social and economic development of the countryside group 1 department of Valle del Cauca
- Current stage:
- Updated:
11 months ago
- Project: Bloque VELASQUEZ 2
- Current stage:
- Updated:
11 months ago
Other companies in: Oil & Gas (Colombia)
Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Transportadora de Gas Internacional S.A. E.S.P.  (TGI)
-
Transportadora de Gas Internacional S.A. E.S.P. (TGI) is a Colombian company that provides midstream low-carbon hydrocarbon solutions for large-scale consumers, providers and de...
- Company: Schrader Camargo S.A.S.  (Schrader Camargo)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Agencia Nacional de Hidrocarburos de la República de Colombia  (ANH Colombia)
-
Hydrocarbons agency Agencia Nacional de Hidrocarburos (ANH) manages Colombia's oil and gas resources with the aim of generating power, revenues for the state, and economic activ...
- Company: Gran Tierra Energy Colombia, Ltd.  (Gran Tierra Colombia)
-
Gran Tierra Energy Colombia, Ltd. is one of the Colombian subsidiaries of Gran Tierra Energy Inc., a Colombia-focused oil and gas exploration and production company. The subsidi...
- Company: Comité Asesor de Comercialización
- Company: NG Energy Colombia
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Genser Power
-
The description contained in this profile was extracted directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine...
- Company: Hocol Petroleum Limited  (Hocol)
-
Colombian oil E&P firm Hocol, a subsidiary of Colombian state oil company Ecopetrol, operates crude oil and gas condensate blocks in the country's upper Magdalena, Los Llanos an...
- Company: SierraCol Energy