PetroNor E&P has provided an update on the Congo operations related to the PNGF Sud field complex
For the first half of 2023 average gross production of 30,330 bopd has been achieved (subject to final allocation adjustments). This is equivalent to 5,105 bopd net to PetroNor on a working interest basis and represents an increase of 16% over the previous half year in 2022. Field performance is supported by strong contributions from the six infill wells on Litanzi and Tchibeli NE drilled in 2022.
As reported on 12 June, infill drilling restarted in late May with an initial focus on the Tchibeli field. The programme is progressing ahead of schedule with the first two wells now drilled to planned total depth and currently being completed for production. First oil from these wells is expected during August. An additional two infill wells on Tchibeli are planned to follow this year.
As reported on 6 July, PetroNor lifted and sold 270,000 bbls (net entitlement production) on 26 June, bringing total sales for the year to 833,266 bbls. The realised sales price was US$72.1 per bbl. The company will release its 1H interim financial statements on 30 August.
