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Congo Brazzaville: PetroNor E&P confirms USD 48.3 million cash sale of PNGF Sud oil

09 May 2024

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PetroNor E&P confirms that 583,695 bbls of oil were lifted and sold from the Djeno Terminal to ADNOC, the National Oil Company of Abu Dhabi in May 2024, generating a cash inflow of USD 48.28 million at a realised price of USD 82.71 per barrel.

Following this lifting, the Company has lifted and sold its entire inventory of entitlement oil under the Djeno Terminal operating procedures. It is therefore expected that the next lifting will not be scheduled until Q4 following a replenishment of the inventory through continued production.

During 2024, the Company has now lifted and sold 914,268 bbls of oil for an average realised price of USD 82.70 per barrel.

Original announcement link

Source: PetroNor E&P

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