en.Wedoany.com Reported - PetroNor E&P ASA recently achieved a single equity oil lifting of 964,593 barrels from the PNGF Sud field offshore the Republic of Congo, setting a new company record and exceeding the lifting volume by over 500,000 barrels. This achievement highlights PetroNor's operational progress at the field, where production has remained robust despite infrastructure challenges.

In February, operational efficiency was maintained at 86% due to infrastructure disruptions, preventing full capacity operation and leading to the shutdown of nearly half the wells for approximately 16 days. Following repairs, production resumed in March, with total daily production capacity increasing to 31,000 barrels by the end of the first quarter, resulting in a net production of 5,200 barrels. The infill program for five wells at Tchibouela East played a crucial role in boosting output.

The lifted oil will be sold gradually over the coming months, with an estimated equity oil volume of approximately 100,000 barrels per month. Sales pricing will be determined based on prevailing market conditions and the lifting contract with ADNOC, with specific results planned for announcement by the end of April.

During the first quarter, PetroNor's average net working interest production was 4,721 barrels per day, up from 4,564 barrels per day in the previous quarter and 4,303 barrels per day in Q1 2025. Last year, the company improved its production from an average of 86% in 2024 to 90%, benefiting from building equity oil inventory while also replenishing a significant over-lifted position.

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