PetroNor E&P ASA has generated an average of 4,240 bopd net working interest production from its operations in the PNGF Sud field complex in Congo in the second quarter
This stands against the 4,303 bopd in the previous quarter and 4,684 bopd in the second quarter of 2024.
The current yield at 90% is an improvement on the 2024 average of 86%. Two workover crews are pursuing reinstatement of idle production from wells in the workover queue.
In the first half of the year, the company restocked the significant overlift position and is currently building entitlement oil inventory in anticipation of a lifting and sale in the fourth quarter.
Rig Axima has arrived on location, and drilling operations have commenced for the announced fivewell infill programme in Tchibouela East. This is expected to add significant new production capacity during the second half of the year.
PetroNor sees yield improvement in Q2 2025
The current yield at 90% is an improvement on 2024 results.
