Production report for November and December 2024

20 Jan 2025 08:44 CET

Oslo, 20 January 2025

+---------------------------------+------------------+------------------+
|                                 | December 2024 | November 2024 |
+---------------------------------+---------+--------+---------+--------+
| Operated |Boepd (1)|Bopd (1)|Boepd (1)|Bopd (2)|
+---------------------------------+---------+--------+---------+--------+
| Colombia | 594 | 418 | 698 | 517 |
+---------------------------------+---------+--------+---------+--------+
| Argentina | 1,908 | 244 | 1,196 | 204 |
+---------------------------------+---------+--------+---------+--------+
| Total operated | 2,502 | 662 | 1,894 | 721 |
+---------------------------------+---------+--------+---------+--------+
| Total equity | 1,217 | 377 | 972 | 420 |
+---------------------------------+---------+--------+---------+--------+


(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.

Interoil Production Update for November and December: Adjustments and
Operational Highlights

During November Interoil's daily production volumes decreased from the figures
corresponding to the previous month, mainly due to infrastructure damage caused
by strong winds. However, Interoil's daily average total operated production in
December reached an equivalent production of 2,502 boepd, expressing a
significant improvement of 608 boepd from the previous month. This substantial
increment is mainly explained from our Argentina's operations (+712 boepd)
whereas Colombia operations decreased (-104 boepd).

Argentina Operations

In Argentina, production recovered fully from winter disruptions and grew
materially from spring onwards. This notwithstanding, in November, production
was affected by the impact of strong winds with gusts up to 130 km/h that caused
significant disruptions, including damage to power lines that temporarily
disabled electric artificial lifting systems. These issues were resolved in
December, enabling a 20% increase in oil production and a 60% surge in gas
production compared to November, marking the highest monthly gas production in
Argentina for 2024 and the second highest total monthly production in 2024.

Colombia Operations

In Colombia, operated production monthly average figures during December
accounted for 594 boepd where the Vikingo-1 well out-streamed an average daily
production of 165 bopd following well repair and replacement of the well
subsurface production pump.   The workover rig mobilization to the Puli C Fields
was delayed due to transit restrictions during year end festivities. At present,
the workover rig is expected to arrive at Puli C facilities in the next few
days. The Puli C well intervention aimed at recovering production, by replacing
downhole production equipment, is expected to last two months.

Additional information

Detailed production performance data including graphs and tables, is available
in the attached document. These visuals illustrate both operated and equity
production of oil and gas by country.

* Operated Production refers to the total output from fields operated by
Interoil.
* Equity Production represents 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.

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

636762_Interoil Production Report - December and November 2024.pdf