Criterium Energy announces the successful extended well test at SEM-01 and releases its Q2 2025 financial results. The SEM-01 well was successfully re-entered and completed an extended test, achieving gas rates of 7–8 MMcf/d. The extended test confirmed robust pressure support and SE-MGH’s central role in our gas strategy. Development remains on track for first gas in Q1 2026, with total project costs reduced to US $2.5–4 million. We continue to advance commercial agreements and prepare site development for SE-MGH and N-MGH, strengthening our production portfolio. We recognize and thank our team for their hard work and commitment, which continue to drive these achievements. 👉 Read the full announcement here: https://lnkd.in/d9CrjUsi 🎥 Watch the SE-MGH Test – August 2025 here: https://lnkd.in/ddKFtTKf #CriteriumEnergy #Energy #OilAndGas #TeamCEQ #CABC
Criterium Energy
Oil and Gas
Calgary, AB 1,331 followers
Providing reliable energy to the rapidly growing economies of SE Asia
About us
Criterium Energy intends to execute an acquisition, development, and optimization strategy targeting SE Asia upstream energy assets. This vision is underpinned by our management team's technical and commercial capabilities, the regions high-yield energy market, and a strong M&A pipeline that we believe will result in scalable growth and sustainable cash generation. We are actively supporting the energy transition: By 2035, SE Asia’s population is forecasted to be over 800 million and the middle-class population is expected to double, reaching approximately 350 million people, exceeding the entire population of the United States. This demographic emergence is the catalyst for world leading economic growth with GDP forecasted to increase by 140% and energy demand to keep pace with an increase of over 125%. Various forms of energy will be required to support these growing economies and hydrocarbons will play a pivotal role as natural gas demand is expected to grow by at least 50% by 2050 under the accelerated transition scenario. This demand growth is driven by coal to gas switching for power generation and underpinning intermittent renewables. Executing upon Strategic Pillars: Criterium Energy intends to target upstream energy assets in SE Asia that can support a free cash flow operating model by realizing development growth, production optimization, and economies of scale. The New Management Team will prioritize a combination of producing assets and energy developments near demand centers and exposure to premium-priced markets when compared to North America. Our focus is on total shareholder return, realized by executing on three strategic pillars: 1. Successful and sustainable reputation 2. Innovation and technology arbitrage 3. Operational Excellence, including safety TSXV:CEQ
- Website
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www.criteriumenergy.com
External link for Criterium Energy
- Industry
- Oil and Gas
- Company size
- 11-50 employees
- Headquarters
- Calgary, AB
- Type
- Public Company
- Specialties
- Energy
Locations
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Primary
Get directions
1120, 202 6th Ave SW
Calgary, AB T2P2R9, CA
Employees at Criterium Energy
Updates
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We’re proud to share that our CEO, Matt Klukas will be moderating the Plenary Session – Powering Partnerships: Canada as ASEAN’s Partner in Energy Security and Sustainability at the CABC Business Forum 2025 in Kuala Lumpur, Malaysia hosted by the Canada-ASEAN Business Council. This premier event brings together business leaders, policymakers and innovators to strengthen Canada-ASEAN economic ties and explore new opportunities for collaboration. 📅 Learn more and register here: https://lnkd.in/gez6Q7Rf
The CABC’s flagship event, the Canada-ASEAN Business Forum is happening in Kuala Lumpur this September. The Forum will connect Canadian and ASEAN leaders to explore trade, investment, and partnership opportunities. Malaysia, as the ASEAN Chair this year, presents various untapped opportunities for Canadian businesses, including: - Renewable energy & sustainability - Agriculture & Agritech - Infrastructure & innovation The Forum is the ideal venue to identify opportunities, expand partnerships, and engage with your potential partners. Date: September 24-25, 2025 Location: Hyatt Regency Kuala Lumpur at KL Midtown, Malaysia Target Participants: 300 senior-level government and business leaders Format: In-person, by-invitation only 🔗 Register your interest now: https://lnkd.in/gez6Q7Rf #CABC #CABCForum2025 #Malaysia #Trade #Investment
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Natural gas, emitting far less CO₂ than coal or oil, is essential for a low-carbon energy transition. With Indonesia, Vietnam, Malaysia, and the Philippines planning up to 180 GW of new gas-fired plants by 2050, Criterium Energy is proud to fuel the future in a reliable and sustainable manner through the development of our gas resources. #CEQ #SustainableEnergy #Indonesia #CEQJakarta #CEQCalgary #CABC 🔗 Read: https://lnkd.in/d_3YKJQJ
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Criterium Energy is pleased to announce positive preliminary gas test results at North Mengoepeh and provide an update on Q2 2025 operating performance. • Successful initial flow test on MGH-20 at 2.5 MMcf/d • SEM-1 re-entry operations underway, targeting extended well test in Q3 • SE-MGH development to proceed via pipeline to Teluk Rendah Gas Plant • Q2/25 production averaged 890 bbl/d, up from 821 bbl/d YoY 👉 Read the full announcement here: https://lnkd.in/dZZhXUZ3
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Criterium Energy is proud to highlight our CEO, Matt Klukas, for serving as Co-Chair in the Canada-ASEAN Business Council Sustainable Energy Working Group. This important collaboration aims to strengthen Canada-ASEAN ties and advance responsible energy innovation and sustainable growth across the region. Congratulations to all who played a part in this milestone. 📍 We look forward to the official launch at the Canada-ASEAN Business Forum in Kuala Lumpur on September 24–25. 🔗 Register here: https://lnkd.in/gez6Q7Rf #CriteriumEnergy #CABC #SustainableEnergy #CanadaASEAN
Proud to announce the soft launch of the Canada-ASEAN Business Council-Sustainable Energy Working Group earlier this week in Calgary. This new Working Group creates a platform to advance practical, balanced solutions—combining Canada’s strength in responsible hydrocarbon development with ASEAN’s rapidly evolving energy landscape. As Co-Chair of the Working Group, I'm excited to work alongside leaders from both regions to foster real collaboration—across oil & gas, CCUS, critical minerals, and clean energy innovation. As energy demand grows across Southeast Asia, oil and natural gas will continue to play a critical role in meeting energy security, economic, and emissions goals—especially when produced responsibly. Thanks to Ron Hoffmann for joining as Co-Chair and to the Canada-ASEAN Business Council and Osler, Hoskin & Harcourt LLP for hosting an ASEAN focused Stampede event. The conversations start here—but the real work is just beginning. 📍 Join us for the official launch at the Canada-ASEAN Business Forum in Kuala Lumpur on Sept 24-25. More details to come as we lead up to the event but don't hesitate to register your interest today (https://lnkd.in/gp_6xVNb) #ResponsibleEnergy #CanadaASEAN #OilAndGas #EnergySecurity #CABC #SustainableGrowth #CalgaryStampedeSpirit
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From all of us at Criterium Energy, we wish you a meaningful and joyful Canada Day. 🇨🇦 #CriteriumEnergy #OilAndGas #CanadaDay #CEQJakarta #CEQCalgary
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Criterium Energy is pleased to share the results of the 2025 Annual General Meeting of Shareholders held earlier this week. We thank our Board of Directors, management team and shareholders for their continued support and participation. We also extend our appreciation to our partners at Odyssey Trust Company (transfer agent and trust company) and EY Canada (auditor) for attending and for their valuable contributions. 👉 Read the full announcement: https://lnkd.in/dAAJXEne 🔗 Presentation: https://lnkd.in/duahUz4f #CriteriumEnergy #OilAndGas #2025AGM #CEQJakarta #CEQCalgary
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A heartfelt thank you to everyone who attended - both in person and online - and helped make the 2025 Annual General Meeting of Criterium Energy a success at our Calgary downtown office. Your insights, engagement and continued support fuel our mission toward sustainable energy development across Indonesia and Southeast Asia. 🛢️🌏 Stay tuned for our upcoming press release outlining key updates and strategic plans for the future. 📊 Read the full presentation: https://lnkd.in/duahUz4f #CriteriumEnergy #OilAndGas #2025AGM #CEQJakarta #CEQCalgary
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A little ceremony, a big milestone ✨ Last week, we unveiled our refreshed company logo right in the Jakarta office lobby — all while proudly flexing our beautiful batik! 🇮🇩 #CriteriumEnergy #OilAndGas #CEQJakarta #Indonesia
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