Skip to main content

Production report for January 2025

Oslo, 28 February 2025

        January 2025December 2024
OperatedBoepd (1)Bopd (1)Boepd (1)Bopd (2)
Colombia 623446594418
Argentina1,3422181,908244
Total operated1,9656642,502662
Total equity9913841,217377

(1)   Barrels of oil equivalents per day (includes liquid and gas)
(2)   Barrels of oil per day (represents only liquids)
[boepd]: barrels of oil equivalents per day (includes liquid and gas)
[Operated]: 100% field production operated by Interoil
[Equity]        : Interoil’s share production net of royalties.

Production Summary

Interoil’s daily average total operated production for January was 1,965 boepd, reflecting a decrease of 537 boepd when compared with December.

Decline is primarily attributed to our operations in Argentina (-566 boepd) while operations in Colombia had a modest increase (+ 29 boepd).

Country-Specific Highlights

Argentina

Gas production was primarily affected by the breakdown of two compressor engines, which required the custom fabrication of replacement parts. These parts arrived to the field in February. Consequently, gas production experienced a sustained decrease from January until the repair of the damaged compressors in February.

Colombia

In January, the Vikingo-1 well achieved an average daily production of 196 boepd, effectively offsetting the natural depletion at Puli C and contributing an additional 30 boepd. Currently, the workover rig has completed the intervention of the MN-11 well, the first planned for this campaign in Puli C Fields. This intervention involved the replacement of downhole equipment, including tubing, pump, and rods.

This campaign, which includes at least four additional planned interventions in the Puli C Fields, aims to recover as much as 50 bopd and 600 kscfpd of gas.

Additional information

Further details about production performance are shown in the attached document. The graphs and tables illustrate both operated and equity production of oil and gas by country. “Operated production” refers to the total output from fields operated by Interoil, while “Equity production” refers to Interoil’s share of production, net of royalties.

Note: This report complies with disclosure requirements outlined in sections 5-12 of the Norwegian Securities Trading Act.

***************************
Please direct any further questions to ir@interoil.no
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 with headquarter in Oslo.

Attachment

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.