(Interoil, 22.May.2023) — In March 2023, unfortunately Interoil’s average daily operated production decreased by 271 boepd where most of the lost production is related with operational issues in Argentina where the austral winter arrived sooner than expected. Fortunately, Colombia community distress situation was solved, and operations are slowly recovering to its previous figures.
Argentina
In Argentina, production losses averaged some 350 boepd, mostly from the Santa Cruz fields, due to mild winter temperatures and strong winds causing most of the lost production. Interoil is working hard in solving significant surface production issues related with some obstruction in most of the hydrocarbon pipe network system connecting different gas fields among themselves.
Colombia
In Colombia, Puli C production experience a slightly increase of 80 boepd as operation was slowly re-established after the community restrictions experience along April. Fortunately, production gradually resume alongside the oil trucking sale.
In the Llanos area, Vikingo production flows remained stable following at its natural depletion rate. 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.
| March 2023 | April 2023 | |||
| Operated | Boepd (1) | Bopd (2) | Boepd (1) | Bopd (2) |
| Colombia | 665 | 443 | 745 | 525 |
| Argentina | 1,942 | 277 | 1,591 | 194 |
| Total operated | 2,607 | 720 | 2,336 | 719 |
| Total equity | 577 | 308 | 601 | 352 |
(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.
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