Interoil announces successful Vikingo well intervention in Colombia

11 Nov 2024 08:32 CET

Oslo, 11 November 2024

Interoil Exploration and Production ASA (the "Company") is pleased to announce
that its Colombian subsidiary, Interoil Colombia Exploration and Production
("ICEP"), has successfully completed a downhole intervention to the Vikingo
well. This intervention included the installation of a jet pump with a modified
operational configuration, restoring production to 400 barrels of oil per day
(bopd), a significant increase from the pre-intervention level of 105 bopd.
While production is expected to stabilize at around 200 bopd, the intervention
has improved operational efficiency by reducing lifting costs with the new jet
pump configuration.

This successful intervention emphasizes Interoil's commitment to optimizing
production efficiency and extending the economic life of its assets. In addition
to enhancing well performance, the Company remains focused on growth, achieving
social and environmental objectives, and exploring opportunities to expand its
asset portfolio.

Leandro Carbone, CEO of Interoil, commented:

"This intervention reaffirms Interoil's confidence in the potential of our
assets. We are committed to maximizing the value of our fields while creating
lasting benefits for the local communities, our employees, and shareholders."


About Interoil Exploration and Production ASA

Interoil Exploration and Production ASA is a Norwegian-based exploration and
production company listed on the Oslo Stock Exchange, with a primary focus on
Latin America. The Company operates several production and exploration assets in
Colombia and Argentina, employing approximately 70 people. Headquartered in
Oslo, Interoil is dedicated to delivering value through operational excellence,
sustainable practices, and community engagement.


For further inquiries, please contact:

Email: ir@interoil.no (mailto:ir@interoil.no)

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

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