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
Criterium Energy
Oil and Gas
Calgary, AB 1,317 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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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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As we celebrate Eid al-Adha, Criterium Energy sends heartfelt wishes to our valued colleagues, partners and communities. May this season bring peace, blessings and fruitful opportunities. Eid Mubarak! 🕌💫
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Criterium Energy is pleased to announce the filing of Q1 2025 financial results and operational update: • Average production up to 988 bbl/d, from 822 last year • Positive cash flow of C$0.25M vs. negative last year • Net loss narrowed by 52% to C$1.2M • SE-MGH gas development on track for first gas in Q1 2026 👉 Read the full announcement here: https://lnkd.in/dP8VhJx4 🔗 Presentation: https://lnkd.in/d-WYgD3i
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Kai Kagetsu and Matt Klukas, CEO of Criterium Energy and Energy Advisor at the Canada-ASEAN Business Council (CABC), share valuable perspectives in this insightful article: "ASEAN Energy FDI and Canadian Opportunities." As ASEAN rapidly advances its clean energy transition, Canada is well-positioned to be a trusted partner — offering critical resources, innovative solutions and a collaborative approach. This article explores the increasing momentum of foreign direct investment into ASEAN’s energy sector and the meaningful role Canadian companies like Criterium Energy can play in supporting this transformation. We’re also proud to announce the launch of the CABC Sustainable Energy Working Group — a new platform designed to promote regional collaboration, share knowledge and unlock public-private engagement in pursuit of net-zero goals. 📖 Read more: https://lnkd.in/gkr9VfWM
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Indonesia’s energy future is gaining momentum. 🇮🇩 President Prabowo’s call for a regulatory overhaul marks a promising step toward unlocking greater investment in the energy sector. This initiative could represent a meaningful shift for both domestic and international stakeholders seeking long-term opportunities in the region. At Criterium Energy, we fully support efforts to enhance regulatory clarity and transparency. Clear, consistent policy frameworks are essential for attracting sustainable energy investment and unlocking Indonesia’s vast resource potential. We remain committed to playing a constructive role in Indonesia’s energy transition. 🔗 Read the full article: https://lnkd.in/dEFisz4W