Behind the scenes at our Townhall in Jakarta! 🎬 Thank you to everyone who joined in person and online from across the globe. A great moment to celebrate our people, reflect on our progress, and look ahead to what’s next. Proudly One Criterium: One Team, One Dream. ⚡ #CriteriumEnergy #OilAndGas #SouthEastAsia #OneCEQ #CABC
Criterium Energy
Oil and Gas
Calgary, AB 1,363 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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Very proud of our CEO, Matt Klukas, for being one of the moderators at the Canada-ASEAN Business Forum 2025 and co-chairing the launch of the Canada-ASEAN Business Council (CABC) Sustainable Energy Working Group. A milestone achievement for Canada-ASEAN collaboration in clean energy and sustainability! 🌏 #CABCForum2025 #CABCEvents #CanadaASEAN #SustainableEnergy #CriteriumEnergy
Canada-ASEAN Business Forum 2025 | Day 2 Recap (Afternoon Sessions) 🔹 Plenary 3 Powering Partnerships: Canada as ASEAN’s Partner in Energy Security and Sustainability As ASEAN accelerates its energy transition, Canada highlighted opportunities for collaboration in renewables, natural gas, the ASEAN Power Grid, and regulatory frameworks. Special remarks were delivered by Sarah Bernier(Director, Global Trade and Investment, NRCan). The session, moderated by Matt Klukas (CEO, Criterium Energy & Co-Chair, CABC Sustainable Energy Working Group), featured Beni Suryadi (ASEAN Centre for Energy), Shamsul Amri Sulaiman, P.Eng, P.Tech, Ph.D, ACPE (TNB Power Generation), John McDonald (Government of Alberta), and Simon Malin (Hatch). The launch of the CABC Sustainable Energy Working Group, co-chaired by Matthew Klukas, was also announced. 🔹 Canada-Asia Digital Trade: From Commodities to Partnerships Drawing on research from the Asia Pacific Foundation of Canada, Barrett Bingley presented the findings on Canada’s transition from goods-based trade to AI-enabled and digital services, as well as the opportunities to become a trusted digital trade partner with Asia. 🔹 Plenary 4 Next-Gen Energy: Building Nuclear Energy Ecosystem for a Sustainable Future Experts examined Canada’s leadership in nuclear innovation and pathways for ASEAN to achieve net-zero with low-carbon solutions. The session was moderated by Dr. Azrudi Mustapha (Founder & Managing Director, Clean Energy Xpeditions – CENERGY) with panellists Jodi Banks (Government of Saskatchewan), Laurent Pefferkorn (Velan Inc.), and Dr. Victor Nian (CSER). 🔹 Plenary 5 Securing Our Shared Future: Agriculture and Food Security in a Changing World This discussion addressed how Canada and ASEAN can strengthen food security across the Indo-Pacific through innovation, investment, and collaboration. Special remarks were delivered by The Honourable Warren Kaeding (Minister of Trade & Export Development, Government of Saskatchewan). Moderated by Diedrah Kelly (Executive Director, Indo-Pacific Agriculture & Agri-food Office), the panel featured Ampon Asuwapongpatana (C.P. Group), Greg E. (Saskatchewan Singapore Office & Chair, CABC Agriculture & Agri-food Committee), Dato’ Dr. Neoh Soon Bin (Soon Soon Group), Samson Lee (Nurasa), and Zanna McComish (BHP). These sessions highlighted the breadth of opportunities for Canada-ASEAN cooperation, from energy transition to digital trade and food security. #CABCForum2025 #CABCEvents #CanadaASEAN
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It’s a great day to be a Canadian company operating in Indonesia! 🇨🇦🇮🇩 We’re very happy and encouraged to see the growing partnership between Canada and Indonesia, opening doors for collaboration and investment across industries. 🤝 https://lnkd.in/gTYA2h44
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⚡ Energy, partnerships and top-level insights! Our CEO, Matt Klukas, is moderating Plenary 3 at #CABCForum2025 in Kuala Lumpur — shaping the future of Canada-ASEAN business. Register here: https://lnkd.in/gez6Q7Rf
Day 2 at #CABCForum2025 with high-level dialogues shaping the future of Canada-ASEAN business. The first three plenaries bring together top leaders from government, industries, and international organizations: 🔹 Plenary 1: The Future of the Canada-ASEAN Relationship Hear from senior decision-makers on ACAFTA and other free trade agreements – and what they mean for your business. 🔹 Plenary 2: Securing Trade, Strengthening Ties Insights from logistics & trade leaders on supply chain resilience, ASEAN connectivity, and Canada’s Indo-Pacific Strategy. 🔹 Plenary 3: Powering Partnerships Explore opportunities in energy transition, renewables, and the ASEAN Power Grid with experts driving sustainable growth. These are the people setting the agenda – and you’ll be in the room with them. 📌 Last chance to reserve your spot: https://lnkd.in/gez6Q7Rf #CanadaASEAN #CABC #CABCEvents
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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
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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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