InterOil Boosts Production in Peru and Colombia
InterOil Exploration and Production ASA reported that the average production in both Peru and Colombia increased in the month of June 2008, compared to the average production reported in May 2008.
The increased production in Peru is a result of the new well 13041D in the promising Mirador area. This well was set on production on June 18. In Colombia the fracturing campaign is ongoing. As production
wells are shut in during the fracturing procedure, the full effect on the results will not be seen before the fracturing campaign is completed by late August - early September.
Oil has been sold at average record sales price of USD 128.37 in Peru and USD 125.34 in Colombia per barrel during June, to be compared with the average sales price in May of USD 119.67 in Peru and USD 117.18 in Colombia.
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