Core Insights - Interoil's total operated production for Q2 2025 was 63,467 barrels of oil equivalent (boe), down from 100,364 boe in Q2 2024, indicating a significant decline in production levels [1] - Revenue decreased to USD 3.9 million in Q2 2025 from USD 5.3 million in the same period last year, attributed to lower production and declining oil prices [2] - An unexpected rupture in Vikingo's high-pressure surface production line occurred on August 22, resulting in a minor oil spill of approximately 10 barrels, which was resolved within the same day [3] Operational Challenges - Operations in Argentina faced adverse winter conditions that damaged surface oil lines, alongside failures in power generation and compression equipment, contributing to the production decline [1] - The company requested bondholders to approve amendments to bond terms to settle the full July 2025 interest payment in kind by issuing additional bonds [3] Company Overview - Interoil Exploration and Production ASA is a Norwegian-based exploration and production company listed on the Oslo Stock Exchange, focusing on Latin America, with operations in Colombia and Argentina [4]
Report for the first six months and the second quarter of 2025
Globenewswireยท2025-08-29 20:37