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PetroNor E&P has provided the following update on the Congo operations related to the PNGF Sud field complex.
First quarter average net working interest production was 4,321 bopd*, compared with 4,759 bopd in the previous quarter and 5,037 bopd in the first quarter of 2024. The decrease reflects expected natural reservoir decline.
Production efficiency was at 90%, which is an improvement from the 2024 average of 86%. To support this efficiency there are currently three workover crews pursuing reinstatement of idle production from wells in the queue.
Additional production capacity is planned via the previously announced five-well infill drilling programme Tchibouela East which is expected to commence drilling in early May and should add significantly to the production rate in the second half of the year.
The full account of production (including final allocation for March) will be presented in the interim report for the first quarter of 2025.
*Effective 16.83 per cent net to PetroNor working interest production with preliminary only production allocations for March.
Source: PetroNor E&P
