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The average production in September 2012, compared to the average production in August 2012, was:
Production* | September 2012 | August 2012 | ||
Gross | Net | Gross | Net | |
Peru | 2'911 | 2'911 | 3'035 | 3'035 |
Colombia** | 1'578 | 1'152 | 1'695 | 1'255 |
Total | 4'489 | 4'063 | 4'730 | 4'290 |
*The production is average daily oil production (bopd) before royalty
**InterOil's working interest in Colombia varies from 70% to 90% depending on license
The decline in production can mainly be traced back to normal decline and that the Mizar-1 well in Colombia was suspended in the beginning of September.
Oil has been sold at average sales price of USD 110.72 in Peru and USD 109.16 in Colombia per barrel during September.
For more information please contact:
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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 280 people and is headquartered in Oslo.