Interoil’s current strategy is to grow its E&P activities in South America by developing its existing reserves and resource base in Colombia and Argentina.
Interoil is of the opinion that it has a large inventory of drillable prospects with a significant upside potential and has low risk development drilling, workover and gas re-injection targets within the Puli C license and exploration prospects in its exploration licenses. In Argentina, Interoil has identified significant potential in the short term to increase production of conventional reserves primarily by means of workover programmes in existing wells, and in the longer term to explore opportunities identified in unconventional resources.
As an independent oil and gas exploration and production company, Interoil aims to explore for and produce oil and gas in an economically efficient, socially responsible and environmentally acceptable way, for the benefit of shareholders, employees, and co-venturers.
The Company applies the same standards to activities in all regions in which it operates to satisfy both commercial and ethical requirements and continuously strives to improve performance and to act in accordance with good oilfield practice and high standards of corporate citizenship.