Interoil Releases Sep. 2022 Production Report (Argentina / Colombia)

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(InterOil, 14.Oct.2022) — In September 2022, the average daily operated production from fields in Argentina and Colombia combined increased by 32 boepd representing one percent against the month of August. Most of this increment comes from the Argentina operation, +71 boepd, whereas the Colombia operation decreased by 40 boepd as explained below.

Argentina

In Argentina, production at the Santa Cruz operated fields increased, with the Oceano and the Cerro Norte fields accounting for most of it. This is the result of the gas compressor enhancement undertaken last month in the Oceano Field plus the paraffins and asphaltenes removal campaign taken in Cerro Norte Field during the early days of September.

Colombia

In Colombia, Puli C production decreased from the previous month, especially in the Mana Field where operational issues at the compression units in Tugas Facilities (Mana’s final gas end user) caused a pressure increment at Mana’s gas export flange. This backpressure adversely affected oil flows at the wellheads.  

In the Llanos area, Vikingo production flows have reached maturity in Carbonera 5 formation where oil flows would slowly but steady decrease following its natural depletion rate as per SGS 2022 reserves certification. 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.

        September 2022August 2022
OperatedBoepd (1)Bopd (2)Boepd (1)Bopd (2)
Colombia926585966615
Argentina (3)2,2323802,161368
Total operated3,1589653,127983
Total equity765404785422

(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.

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