Vikingo's workover operation update

Oslo, 1 October 2018

Interoil is pleased to announce that Vikingo's workover operation has successfully finished. Currently the well has been put on stream aiming at cleaning the near wellbore from the completion fluid used to safely conduct the workover programme.

Once the cleaning operation concludes, Interoil will continue testing and evaluating the lower C7 formation by installing downhole pressure gauges for pressure and flow behaviour in time analysis.  This operation is expected to take place this coming weeks.  Afterwards, the well will be put on production from the C5 formation as it has been producing prior to the workover.

In the meantime, Interoil continues constructive social conversations with the Duya's native community aiming at having their approval for demobilizing the work-over unit as well as continuing with Vikingo's normal production operation.  

Regardless of the improved social relationship with the Duya, Interoil has made good progress to get access approval from private landowners through alternative "The Northern Road". 

Leandro Carbone, CEO, commented: We are pleased with successfully finalising Vikingo's workover program, and with the improved relationship with the Duya community.  Regardless of our current social relationship with them, the "Northern Road" is still an important objective as this will secure daily access for Vikingo-x1 production operation.

Contact: [e-mail]

***************************

Interoil Exploration and Production ASA is a Norwegian based exploration and production company - listed on the Oslo Stock Exchange - with focus on Latin-America. The Company is the operator of several production and exploration assets in Colombia. Interoil currently employs approximately 55 people and is headquartered in Oslo.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

---

This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Interoil Exploration & Production ASA via Globenewswire