Vikingo Production Temporarily shut-in
26 December 2018 - 3:00AM
Oslo, 25 December 2018
Since 18 December, Interoil has unfortunately had
to temporarily close operation at Vikingo. The roads that
are used for transportation of Vikingo products have been
significantly affected by the constant transit of
the heavy loadtrucks driving
in significant rain.
At present, Interoil is in
conversation with local authorities about getting
the approvals necessary to start repairing the roads.
This work is likely to start once the dry season arrives
around mid-next month.
In the meantime, Interoil has made good progress
in the construction of the alternative "Northern
Route". Agreements with some land
owners are however still outstanding. These
agreements have been verbally
settled, drafted and the company is currently
waiting for them to be duly signed and
notarized. This process involves third parties and a
significant amount of administrative paperwork and has taken longer
than expected.
Leandro Carbone, CEO, commented: We
are very optimistic with the progress made with the local
community and with the prospect
of having the "Northern Route" ready very
soon. This will benefit Vikingo as well as
other nearby producing fields.
Contact: ir@interoil.no
***************************
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 70 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
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