Interoil Provides Production update October 2024

Source: www.gulfoilandgas.com 11/28/2024, Location: South America

Production Summary
Daily Average Production: Interoil’s total operated production in October averaged 2,239 boepd, reflecting a month-on-month improvement of +157 boepd.
The increase was primarily driven by operations in Argentina (+196 boepd), while Colombia experienced a decline of -39 boepd.

Country-Specific Highlights

Argentina
Following the recovery of pre-winter production levels, field teams concentrated on restoring and maintaining compression and generation equipment across multiple sites.
These efforts successfully reactivated additional wells that had been shut in during the winter, contributing significantly to the overall production increase.

Colombia
Production for October was limited to the Puli C operation, as the Vikingo Field remained shut in throughout the month due to downhole equipment failure.
Vikingo-1 Intervention: A downhole intervention during November resulted in an initial production rate of approximately 400 bopd. The current production is 300bopd, a significant increase from the pre-intervention level of 105 bopd.
Next Steps: The workover rig is being mobilized from the Vikingo site to the Puli C fields and is expected to arrive by the end of the month.
The Puli C well intervention is projected to span at least three months, with the goal of increasing production by replacing downhole production equipment.


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