Skip to main content

Production report for December 2020

Written by Customer Service on . Posted in Public Companies.

15 January 2021Below please find average gross operated production in December 2020 and corresponding numbers for November 2020.Barrels of oil equivalents per dayBarrels of oil per dayOperated by Selva Maria Oil on behalf of IOX until local authorities approves operator’s licence.CommentsAverage daily production for December 2020 was about the same level as in the previous month in both Colombia and Argentina (see table).One employee was infected by covid-19 at the Puli C field in Colombia. He is currently in quarantine at the site with only very mild symptoms.As mentioned in the previous report, the company has started preparations for drilling of one commitment well on the Altair license. According to current licence terms this well should be drilled by April 2021.Conversations are continuing with potential farm-in partners for the drilling programme in LLA-47, where the company is committed to drill nine more exploration wells by February 2022.Since end of December, several wells at Puli C have been shut in due to mechanical failure of equipment, reducing daily output with around 90 barrels of oil (bopd) and 220 barrels of oil equivalents per day (boepd) of gas. Management is working on getting partners’ approval to engage and mobilize pulling rig and acquire downhole equipment plus spare parts to bring these wells back on stream as soon as possible.Production from the Vikingo well in Colombia is continuing as expected and relatively unaffected by community protests in the aftermath of a minor oil spill reported in October 2020. Clean-up was completed in November, but topsoil replacement has been somewhat delayed due to a prolonged rain season.Interoil will provide further updates with respect to production performance at the latest in the January 2021 production report.***************************Interoil Exploration and Production ASA is a Norwegian based exploration and production company – listed on the Oslo Stock Exchange – with focus on Latin America. The Company is operator and license holder of several production and exploration assets in Colombia and Argentina. Interoil currently employs approximately 50 people and is headquartered in Oslo.This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.