July 3 (Reuters) - French oil and gas company Maurel et

Prom has agreed to raise its ownership stake in

Colombia's Sinu-9 gas field by another 21% for nearly $79

million, it said on Thursday, as it continues to expand its

position in the country.

The acquisition of additional working interest in the gas

block from minority partners brings Maurel et Prom's total stake

to 61%. The rest is owned by Canada-based NG Energy

International ( GASXF ).

"This acquisition consolidates M&P's long-term exposure to a

high-quality gas asset with substantial development and

exploration potential," Olivier de Langavant, CEO of Maurel et

Prom, said in a press statement.

The company became engaged in the Sinu-9 gas field in

February when it acquired the initial 40% stake. It holds a call

option for an additional 5% stake for a payment of $18.75

million, valid for 12 months from the closing of the original

transaction.

The latest acquisition is subject to regulatory approvals,

including from Colombia's National Hydrocarbons Agency, and is

expected to be closed in the third quarter of 2025, Maurel et

Prom said.