Vikingo well back on stream
05 Février 2019 - 8:36AM
Oslo, 5 February
2019
After having conducted maintenance civil works on the northern
route to access Vikingo site, a location heavily affected by
loadtrucks driving in during the rainy season, Interoil is pleased
to announce the reopening of Vikingo's production since last Friday
at 1800hs.
In the meantime, Interoil has also closed the execution of
agreements with the land owners of the area whereby the company has
been granted with the right to use this alternative route of access
to Vikingo site. As a result, Vikingo's operation will now
benefit from the establishment of an alternative route that shall
improve access conditions and stability of operations.
The company shall also be benefitted with a reliable export
alternative thanks to the pipeline transportation agreement entered
into with Perenco allowing Vikingo's production being piped from
Oropendola Field, a production facility operated by Perenco just 15
km to the east from Vikingo's site, to Coveñas, an export terminal
located in the Caribbean Sea. This new export route improves
Interoil's operating netback and the conditions for a continous
dilivery of Vikingo's production mitigating an adverse effect of
possible third party disruptions.
Leandro Carbone, CEO, commented: "We are very enthusiastic both
with the progress made by having the "Northern Route" operational
faster than expected and with the synergies found after combining
field export facilities with Perenco. These will benefit
Vikingo's operation as well as the commercial activity of the
nearby natives' communities by having an alternative access route
to the previously one used through the Duya's territory.
Notwithstanding the foregoing, Interoil keeps a fluent and
constructive interaction with the Duya community aimed at
minimizing undue disruptions and streamlining safety activities."
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 information is subject to the disclosure
requirements pursuant to section 5 -12 of the Norwegian Securities
Trading Act.
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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