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Interoil Exploration & Production ASA: Gas Treatment Plant - Mana

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Update on operations 

Interoil Colombia E&P is pleased to announce the purchase and final payment of a Gas Plant with a treatment capacity of 5 MMscfpd that can be upgraded up-to 12 MMscfpd by installing additional compressors units. This gas plant is currently located in Louisiana, US and next week will be moved to Houston for inspection, commissioning and boxing prior to be shipped to Colombia. The gas plant is expected to arrive at Mana Field around mid-November this year where the installation should take another five to six weeks. This new facility will be streamed with rich gas from Mana and Toqui-Toqui (Hocol's neighbouring field) aimed at producing a mixture of Liquefied Petroleum Gases (LPG) plus natural gasoline whilst leaving methane gas under commercial specification. The company will then sell these products in the Colombian Market through injecting dry-gas into TGI, a major open access gas pipeline, and trucking LPG products to the nearby petrochemical end-users.

Leandro Carbone, CEO, commented: We are very excited in having this gas treatment plant in Mana. It will allow the company to optimise synergies within the existing facilities, reduce opex and improve revenues by directly commercialise both LPG and dry gas products in the unbundling Colombian energy market.

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 70 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.

Interoil Main Office:
c/o Advokatfirmaet Schjødt AS
Ruseløkkveien 14
NO-0251 Oslo, Norway

Phone: (+47) 67 51 86 50
Fax: (+47) 67 51 86 60

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