Production report for August and September 2024

23 Oct 2024 07:45 CEST

Oslo, 23 October 2024

+----------------+----------------------+----------------------+
|          | August 2024 | September 2024 |
+----------------+-----------+----------+-----------+----------+
| Operated | Boepd (1) | Bopd (2) | Boepd (1) | Bopd (2) |
+----------------+-----------+----------+-----------+----------+
| Colombia | 502 | 292 | 480 | 274 |
+----------------+-----------+----------+-----------+----------+
| Argentina | 723 | 34 | 1,602 | 218 |
+----------------+-----------+----------+-----------+----------+
| Total operated | 1,225 | 326 | 2,082 | 492 |
+----------------+-----------+----------+-----------+----------+
| Total equity | 645 | 206 | 1,014 | 276 |
+----------------+-----------+----------+-----------+----------+

(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.

Comments

Interoil's daily average total operated production in September ended at 2,082
boepd, showing a significant improvement from August (+857 boepd). This increase
was primarily due to the recovery of Argentina's production, which had been
affected by severe winter conditions. In Colombia, production decreased slightly
by 22 boepd, while in Argentina, production surged by 879 boepd.

In Argentina, production in August was severely impacted by winter weather,
which obstructed roads and prevented movement, leading to the shut-in of a
significant portion of production. With the arrival of spring, field personnel
were able to return to operational duties, resulting in production returning to
pre-winter levels in September. The company continues efforts to sustain and
further increase production in the current month.

In Colombia, production at Puli C decreased in September, primarily from the
Mana field, while Vikingo-1 remained out of production. The workover rig has
been delayed due to a pending oversized load permit from local road transit
authorities. The replacement of the downhole production system in Vikingo began
in October, and the work program is expected to last 10-15 days, assuming no
further delays.

Additional information

Further details about production performance are shown in the attached document.
The graphs and tables illustrate both operated and equity production of oil and
gas by country. "Operated production" refers to the total output from fields
operated by Interoil, while "Equity production" refers to 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.


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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.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

More information:
Access the news on Oslo Bors NewsWeb site

630151_Interoil September 2024 Detailed Production Report.pdf