InterOil's first well in Colombia's Mana South field is completed with a very encouraging production of 410 bopd.
Additional three consecutive wells are scheduled over the next months, in order to further determine the potential of this area.
The cost of the first well is approximately USD$1.8 million. InterOil is the Operator with a 70% working interest, and the Company's partner, state-owned Ecopetrol, has 30%.
"The extension of the Mana Field to the South could add significant production volume and reserves. We are extremely excited by the early results, and will prepare for several additional wells this year," said Nils N. Trulsvik, CEO of InterOil E&P ASA.
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