Skip to main content

Production report for July 2024

Oslo, 22 August 2024

        June 2024July 2024
OperatedBoepd (1)Boepd (1)Boepd (1)Bopd (2)
Colombia 629412543330
Argentina1,09018580552
Total operated1,7195971,348382
Total equity885348705236

(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.

Comments

Interoil’s daily average operated production in July ended with 1,348 boepd, decreased by another 215 boepd compared with June figures. Last month daily operated production had a reduction in Colombia by 86 boepd, while the output from Argentinian fields experienced a reduction by 286 boepd when compared with June.

In Argentina, Santa Cruz production is still being disturbed by abnormal weather conditions. The area had received the worst snow and windstorm in the last 60 years and local authorities closed secondary roads and restrained the usage of interstate routes.   Under these conditions, Interoil prioritized safety above all, restricting to the essential field personnel mobilization plus keeping outside routine operations to its minimum. Under this scenario, activities as pulling rig, maintenance and field works were postponed.   These constraints will remain during the first two weeks of August, meanwhile Interoil is waiting for improved weather conditions to address field operation and the restore production, equipment and services to operational levels prior to the arrival of this extreme winter conditions.

In Colombia, production in Puli C had sustained its previous monthly production whereas Vikingo-1 was most of the month shut-in as its production system experienced a downhole failure. The company is finalizing with local communities in the Puli C and in Vikingo their respective approvals aiming at having their approvals to initiate a pulling campaign to recover at least 100 bpd of oil and 500 Kscfpd of gas outflows in Puli C plus another 150 bopd from the Vikingo well. These campaigns are expected to commence second half of the current month.

Additional information

Further details about production performance are shown in the document attached. The two graphs and tables show operated and equity production of oil and gas respectively and by country. Operated production is defined as total output from fields operated by Interoil. Equity production is Interoil’s share of production net of royalties.

This information is subject to the disclosure requirements pursuant to section 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.