Average production in February 2014, compared to average production in January 2014, was:
|Production*||February 2014||January 2014|
|Peru||2 318||2 318||2 452||2 452|
|Colombia||1 898||1 322||2 000||1 456|
|Total||4 216||3 640||4 452||3 907|
*Working interest average daily production before royalty
**Barrels of oil including associated gas
***Barrels of oil
Oil has been sold at average sales price of USD 106.2/bbl in Peru and USD 93.8/bbl in Colombia in February.
Gas has been sold at average sales price of USD 17.7/bbl in Colombia in February.
As previously communicated, Interoil Colombia is currently in the process of implementing various facility upgrades, as well as certain measures intended to improve its operational surface and subsurface processes. During this phase, we will see variations in daily production the next couple of months. These improvements will be reflected in future production behaviour. We target a working interest daily production of more than 2,000 bbls on average for the year.
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Interoil Exploration & 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 of several production and exploration assets in Peru and Colombia. Interoil currently employs approximately 230 people and is headquartered in Oslo.