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The enhanced oil recovery program in Block III in Peru has had significant result lately, increasing the production by more than 600 BOPD.
Several wells on the San Luis and South Mirador fields have been re-perforated and acid treated resulting in opening of new sands. The first well drilled on the South Mirador Field back in June 2008, has so far produced more than 400.000 bbls. The well responded very positive to the work over, and when placed on artificial gas lift, the production from the well increased with more than 500 BOPD. InterOil will continue the work over program, including placing more wells on artificial gas lift.
For more information please contact:
Fredrik von Zernichow
Investor Relation Manager
Tel: +47 6751 8661
Mob: +47 9927 3843
Fax: +47 6751 8660
E-mail: f.zernichow@interoil.no
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InterOil Exploration & 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 of several production and exploration assets in Peru, Colombia and Ghana. InterOil currently employs approximately 250 people and is headquartered in Oslo.This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.