PetroNor E&P Announces Production Update for Q2 2022

PetroNor E&P ASA provides an update on its second quarter production. PetroNor holds an indirect ownership interest of 16.83 per cent in PNGF Sud in Congo, which is the Company’s core production licence. Total gross field production from this asset amounted to 22,842 bopd (preliminary production allocation) in the second quarter of 2022, corresponding to a net production to PetroNor of 3,844 bopd.

The infill drilling program on PNGF Sud is currently drilling the final section planned to total depth on the fourth and final Litanzi well in a total drilling program of 17 infill and development wells. This producer well and the previously drilled injector well 3 are planned to be on production mid to late August. Drilling operations are delayed relative to plan by several weeks due to the changeout of the rig’s top-drive system and the addition of a couple of side-tracks. Currently, one Litanzi well is on production and one on injection with incremental production above expectation at a rate of ~2,200 bopd. Following Litanzi, the rig will move to Tchibeli NE to drill two development producers.

The full account of production (including final allocation) will be presented in the second quarter report.