Oslo, 18 August 2022
| July 2022 | June 2022 | |||
| Operated | Boepd (1) | Bopd (2) | Boepd (1) | Bopd (2) |
| Colombia | 951 | 610 | 930 | 571 |
| Argentina (3) | 2,224 | 423 | 2,177 | 407 |
| Total operated | 3,175 | 1,033 | 3,107 | 978 |
| Total equity | 780 | 423 | 764 | 398 |
(1) Barrels of oil equivalents per day (includes liquid and gas)
(2) Barrels of oil per day (represents only liquids)
(3) Operated by Selva Maria Oil on behalf of IOX until local authorities approve operator’s licence.
[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
In July 2022, the average daily operated production from fields in Argentina and Colombia combined increased by 68 boepd representing around two percent improvement against previous month. This is explained by the productivity achieved in our Santa Cruz and Puli C operations.
In Argentina, a slight improvement in production rate was recorded in all Santa Cruz operated fields, and the Oceano Field accounted for most of it especially following completion of the gas infrastructure treatment enhancement process.
In Colombia, Puli C production increased from the previous month, especially in the Mana Field where some surface production pumps have been replaced resulting in improved flow from some wells. In the Llanos area, Vikingo production flows remained stable after the pressure survey performed last month. The exploration campaign in Altair and LLA-47 blocks remains on hold and pending approval from local authorities. Conversations with the ANH concerning the formal approval process are ongoing.
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.
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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.
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