Interoil Announces Production Report for March 2021

Source: www.gulfoilandgas.com 4/15/2021, Location: South America

Interoil Exploration and Production announced average gross operated production in March 2021 and corresponding numbers for February 2021.

IOX operated
Colombia
March 2021: Boepd(1) :873 Bopd (2) :603
February 2021: Boepd(1) : 885 Bopd (2) :612
Argentina (3)
March 2021: Boepd(1) :2,691 Bopd (2) :338
February 2021: Boepd(1) :2,545 Bopd (2) :279

1- Barrels of oil equivalents per day
2- Barrels of oil per day
3- Operated by Selva Maria Oil on behalf of IOX until local authorities approves operatorís licence.

Comments

Total daily average oil production increased by 5.6 percent to 941 bopd in March compared to February, driven mainly by an increase in output from the Mata Magallanes Oeste (MMO) field, where minor repairs of surface equipment were undertaken in March.

The workover rig which will be engaged in the work to reopen the first 15 wells at MMO, has been inspected, certified, and accepted by Interoil.

In Colombia, the Vikingo well flowed steadily through the month, while production from the mature Puli C field continued to decline, resulting in a reduction in daily output of around 1.5 percent. As stated before, a pulling rig will be used to repair equipment in several Puli C wells in an effort to restore production at this field.

Drilling of the Mazorca well in the Altair field is somewhat delayed due to protracted negotiations with local communities, which is undertaken in consultation with authorities.


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