PetroNor E&P ASA (锟絇etroNor锟� or the 锟紺ompany锟�) is providing the following
update on the Congo operations related to the PNGF Sud field complex.
Fourth quarter average net working interest production was 4,608 bopd*, compared with 4,116
bopd in the previous quarter and 4,759 bopd in the fourth quarter of 2024. Production efficiency was
at 91 per cent, the same as in the third quarter.
As of early December, jack-up rig Axima has completed the five infill wells in Tchibouela East, and all
have been put on production. The wells exhibit excellent reservoir properties and collectively have
contributed a gross December production incremental of above 6,500 bopd resulting in a gross 2025
exit production rate for the PNGF Sud complex exceeding 32,000 bopd (net 5,400 bopd).
As announced, the Company lifted and sold 540,000 barrels of entitlement oil in November and is
building inventory available for sale at a rate of 100,000 per month. An additional lifting is expected
during Q1 2026.
The full account of production (including final allocation for November and December) will be
presented in the interim report for the fourth quarter of 2025.
*Effective 16.83 per cent net to PetroNor working interest production with preliminary only
production allocations for November and December.