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NG ENERGY SIGNS DEFINITVE AGREEMENTS TO CONNECT SINU-9 BLOCK TO NATIONAL INFRASTRUCTURE
NG ENERGY SIGNS DEFINITVE AGREEMENTS TO CONNECT SINU-9 BLOCK TO NATIONAL INFRASTRUCTURE ...
About this update from Ng Energy International Corp
[{"type":"text","content":"\n \n \n \n NG ENERGY SIGNS DEFINITVE AGREEMENTS TO CONNECT SINU-9 BLOCK TO NATIONAL INFRASTRUCTURE\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Phase 1 commenced: On schedule to deliver 30 MMcf/d from Sinu-9 in H1, 2024\n \n \n \n \n Additional 10MMcf/d to come online at Company's election, expected in H2, 2024\n \n \n \n \n Critical infrastructure agreements finalized, unlocking one of\n \n Colombia's\n \n most important onshore gas fields\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Nov. 27, 2023\n \n \n /CNW/ -\n \n NG Energy International Corp.\n \n (\"\n \n NGE\n \n \" or the \"\n \n Company\n \n \") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce that, further to the Company's press release on\n \n September 28, 2023\n \n , it has signed definitive agreements with INFRAES S.A.S E.S.P and Surenergy S.A.S E.S.P (the \"\n \n Contractors\n \n \") to complete infrastructure construction required for commercial production from Sinu-9. Since the previous press release, the Contractors have advanced all permitting and social work over the right-of-way to near completion, have procured the equipment for the gathering and processing plant, and have received all pipe required for installation. Construction of both the gathering and processing plant and pipeline are underway with the Contractors, who remain on track to deliver 30 MMcf/d of pipeline capacity in the first half of 2024.\n \n \n \n Gathering & Processing Plant Agreement\n \n \n \n The Company has contracted Surenergy to provide processing, treatment and compression of natural gas produced from the Sinu-9 block for the gas pipeline that will connect the Sinu-9 block with the Jobo delivery point for the Promigas S.A E.S.P National Gas Transportation System. Under the terms of the agreement, Surenergy will install three compression packages of 10 MMcf/d and a dehydration plant of 40 MMcf/d, at onset, with an additional 10 MMcf/d of compression available at the Company's election. Surenergy is responsible for all capital expenditures and will retain ownership...