Vikingo production resumed, update on test results
November 06 2018 - 1:00AM
Oslo, 6 November 2018
Interoil is pleased to announce that Vikingo's
production test on both C5 and lower C7 formations has been
conducted as planned and successfully finished last week, and that
regular production has resumed.
The lower C7 formation independent production test
showed a steady oil stream of 92 bopd and 283 bwpd of formation
water. The C5 production test also showed a steady oil stream
of 345 bopd without any formation water.
Currently Vikingo is producing from the C5
formation at a steady production flow of 340 bopd. The lower C7
formation is temporarily shut-in until onsite surface facility is
connected to a water disposal well to be drilled in the coming
drilling campaign.
Meanwhile, Interoil continues its constructive
dialogue with the Duya community and workover operations and
equipment mobilization and de-mobilization were carried out without
any conflict. The process to secure the required legal approval
from local authorities and right-of-way from private landowners
prior to start using "The Northern Road" is advanced.
Leandro Carbone, CEO, commented: "We are very
optimistic with the hydrocarbon potential LLA-47 holds based on the
results Vikingo's production test results in either C5 or lower C7
formations. Also Interoil is making excellent progress in
materializing "The Northern Road".
Contact:
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
the operator of several production and exploration assets in
Colombia. Interoil currently employs approximately 55 people and is
headquartered in Oslo.
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Interoil Exploration & Production ASA via
Globenewswire
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