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| | Nov 2023 | Dec 2023 |
±---------------±----------±---------±----------±---------+
| Operated | Boepd (1) | Bopd (2) | Boepd (1) | Bopd (2) |
±---------------±----------±---------±----------±---------+
| Colombia | 618 | 416 | 605 | 400 |
±---------------±----------±---------±----------±---------+
| Argentina | 2,122 | 333 | 2,147 | 338 |
±---------------±----------±---------±----------±---------+
| Total operated | 2,740 | 749 | 2,752 | 738 |
±---------------±----------±---------±----------±---------+
| Total equity | 1,330 | 419 | 1,335 | 413 |
±---------------±----------±---------±----------±---------+
(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 total daily average operated production experienced a slight
improvement of 13.04 boepd when comparing December with November figures, this
increment in production is mostly coming from the Argentinean operations which
even compensate a reduction in the Colombian flowrate.
In Argentina, the operated production increased by 25.61 boepd where 73% of this
increment comes from the Santa Cruz Exploitation Assets and the remaining 27%
comes from Mata Magallanes Oeste (MMO) Field. In this regard, Interoil would
like to emphasise the pulling rig is still engaged in the reopening of the shut-
in wells following pulling program. In MMO the monthly average production
reached 58.8 boepd as more wells are on stream after fixing their surface
production engines.
In Colombia, Puli C production experienced an increase of 10.64 boepd after
solving asphaltenes formation in some production strings in Mana wells. Vikingo
production experienced a reduction in its flowrate by 23.2 boepd line with the
expected natural depletion. The exploration campaign in Altair and LLA-47 blocks
remains on hold pending approval from local authorities. Conversations with the
ANH concerning the formal approval is still on hold waiting for the new
authorities to take position.
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 (mailto: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.
Kilde
what does it mean that production in Columbia drops and in Argentina – rises? Is it a good sign or bad?