VANCOUVER, BC, July 19, 2021 /CNW/ - NG Energy International Corp. ("NGE" or the "Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to provide an update on the construction progress of the production facilities that will connect the Maria Conchita block (the "Block") to the national gas transportation system of Colombia. Enefenco Group, in charge of the Engineering, Procurement and Construction contract (the "EPC Contract") for the buildout and assembly of the plant and all complementary systems, already has the majority of the equipment required for the plant construction onsite; specifically, the dehydration system, generators of gas and diesel, the cooling chiller, the coalescing filter, valves and separators. Enefenco also reported that it has made significant advances in carrying out the tests that guarantee that the equipment complies with the API510 standards.
Furthermore, easement agreements have been reached with the communities surrounding the stretch of flowline connecting the plant, located at the Instanbul-1 platform, to the Arachura-1 well. The communities will receive the compensations established by Colombian law and will benefit from the generation of employment and development on their territories. This flowline consists of 4.2 km and installation began satisfactorily in accordance with the provisions of the environmental license issued by the National Environmental Licensing Authority ("ANLA") for the block.
The Company expects SORC Ingenieria, the contractor in charge of the buildout of the gas pipeline, to complete all pipeline facilities by the end of Q3 or beginning of Q4 2021. To date, GTX has contracted US$7.3 million of the US$10 million of the debenture raised for the pipeline construction in November 2020 and will continue with the finalization of the Compression Contract.
About NG Energy International Corp.
NG Energy International Corp. is a publicly traded E&P company on a mission to provide a clean and sustainable solution to Colombia's energy needs. The Company intends on executing this mission by producing and bringing gas to the premium priced Colombian gas market from its concessions, SN-9, a 311,353 acres block which is adjacent to Canacol's Nelson field, as well Maria Conchita, a 32,518 acre block located in the region of La Guajira. NGE's team has extensive technical expertise and a proven track record of building companies and creating value in South America. For more information, please visit SEDAR (www.sedar.com) and the Company's website (www.ngenergyintl.com).