Production report for November 2022

15 Dec 2022 22:17 CET

Oslo, 15 December 2022

+----------------+----------------------+----------------------+
|          | November 2022 | October 2022 |
+----------------+-----------+----------+-----------+----------+
| Operated | Boepd (1) | Bopd (2) | Boepd (1) | Bopd (2) |
+----------------+-----------+----------+-----------+----------+
| Colombia | 923 | 580 | 931 | 592 |
+----------------+-----------+----------+-----------+----------+
| Argentina (3) | 2,261 | 409 | 2,439 | 475 |
+----------------+-----------+----------+-----------+----------+
| Total operated | 3,184 | 989 | 3,370 | 1,067 |
+----------------+-----------+----------+-----------+----------+
| Total equity | 764 | 402 | 781 | 415 |
+----------------+-----------+----------+-----------+----------+

(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.


Comments

In November 2022, the average daily operated production from fields in Argentina
and Colombia combined decreased by 186 boepd, a reduction of less than six
percent compared with October. This is explained by some operational changes in
Argentina especially in the Santa Cruz operation.

In Argentina, a slight decrease in production was recorded in the Santa Cruz
fields where the Chorrillos Field accounted for most of it. This reduction in
production is in direct relationship with a planned maintenance program on the
surface gas treatment facility, especially in the Cerro Norte Field.

In Colombia, Puli C production decrease especially in the Mana Field due to some
restriction issues related with paraffins and asphaltenes blocking some surface
production lines as weather brought winter temperatures in the area. 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 and 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.

More information:
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578375_Interoil November 2022 Detailed production report.pdf