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Interoil’s Total operated production for the three-month period amounted to
97,506 barrels of oil equivalent (boe), representing a decline from 103,738 boe
recorded in the same period of 2024. Operations in Argentina were negatively
impacted by the failure of two compressor engines, which led to a sustained drop
in gas production from January until the compressors were repaired in February.
Despite the lower production, revenue increased to USD 5.7 million, up from USD
5.3 million in the previous year, driven by a favourable rise in gas prices.
Interoil Colombia successfully completed a downhole intervention to the Vikingo
well.
In January, at the Company’s request, bondholders approved amendments to the
bond terms to settle the full January 2025 interest payment in kind by issuing
and delivering additional bonds.
In January, Interoil launched its well service campaign in the Mana Field,
aiming to service five wells. The campaign sought to recover up to 50 bopd and
600,000 scfpd of gas. As of the date of this report, seven wells have been
brought back online, delivering a combined flow of 117 bopd, and 82,000 scfpd of
gas.
For more information, please see enclosed Interoil Exploration and Production
ASA’s Report for the fourth quarter of 2024.
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)
About Interoil
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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