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PetroNor E&P has provided an update on the Congo Brazzaville operations related to the PNGF Sud field complex.
Third quarter average net working interest production was 4,112 bopd*, compared with 4,289 bopd in the previous quarter and 4,778 bopd in the third quarter of 2024. The first well from the infill drilling program on Tchibouela East was completed and brought on production on 25 September. This well has contributed to an improved net production rate achieved over the last few days of the quarter in excess of 4,500 bopd. This result is encouraging for the expected production improvement to be delivered from the remaining 4 wells which will be online by early December. The 2025 exit production rate net to PetroNor is expected to be above 5,000 bopd.
During the third quarter, the Company continued to build entitlement oil inventory and has secured agreements to achieve a lifting and sale of over 500,000 bbls scheduled early November.
Production efficiency was at 91 per cent, slightly better than the second quarter (90 per cent) and an improvement from the 2024 average of 87 per cent. The queue of well workovers declined over the quarter, resulting in a year-to-date high production efficiency rate of 94 per cent in September.
The full account of production (including final allocation for September) will be presented in the interim report for the third quarter of 2025.
*Effective 16.83 per cent net to PetroNor working interest production with preliminary only production allocations for September.
Source: PetroNor E&P
