Natural gas is the lowest-emitting fossil fuel and a critical component of the energy transition, helping to meet increasing demand while lowering greenhouse gas emissions and improving air quality. It is one of the few energy sources that can be used across all sectors of the global economy. Natural gas is used to generate electricity, provide heat for essential industrial processes, heat homes and fuel the transport of people and goods.
Reserves & Resources
Project Gross (100% WI)
Reserves:
2P: 48.7 BCF
P3: 9.8 BCF
Total 3P: 58.5
Contingent Resources
Best Case: 82.2 BCF
High Case: 172.2 BCF
Production (December 2024):
Aruchara-1, Aruchara-3: 16.4 MMcf/d
Contingent Resources:
Project Gross (100% WI)
Best Case: 346.5 BCF
High Case: 828.4 BCF
Critical Infrastructure Agreements Finalized
On schedule to deliver 30 MMcf/d in H1, 2024
Additional 10 MMcf/d to come online in H2, 2024
Total Phase 1 Production 40 MMcf/d in 2024
Blue sky asset with excellent natural gas exploration potential
December 04, 2023
NG ENERGY SIGNS GAS SALES CONTRACTS AND PROVIDES PRODUCTION UPDATE FOR MARIA CONCHITA
November 27, 2023
NG ENERGY SIGNS DEFINITIVE AGREEMENTS TO CONNECT SINU-9 FIELD TO NATIONAL INFRASTRUCTURE
November 22, 2023
NG ENERGY COMMENCES GAS PRODUCTION FROM ARUCHARA-3
November 21, 2023
NG ENERGY ANNOUNCES FILING OF Q3 2023 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
October 24, 2023
NG ENERGY PROVIDES NATURAL GAS PRODUCTION AND SALES UPDATE
September 28, 2023
NG ENERGY FINALIZES PLAN FOR PHASE 1 OF COMMERCIAL PRODUCTION FROM SINU-9