{"id":13566,"date":"2023-04-13T07:54:06","date_gmt":"2023-04-13T07:54:06","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=13566"},"modified":"2023-04-13T07:54:06","modified_gmt":"2023-04-13T07:54:06","slug":"congo-petronor-ep-reports-47-production-increase-yoy-in-q1-2023","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/congo-petronor-ep-reports-47-production-increase-yoy-in-q1-2023\/","title":{"rendered":"CONGO: PetroNor E&P Reports 47% Production Increase YoY in Q1 2023"},"content":{"rendered":"\n

PetroNor E&P has announced a net average production of 5,206 bopd1 in the first quarter of 2023, representing an 11 per cent increase compared with 4,688 bopd in the previous quarter. This improvement is driven by investment in new well capacity and continued good performance from the PNGF Sud field complex in Congo over the past year which has delivered growth of 47 per cent versus the
production rate of 3,530 bopd achieved during the corresponding period of 2022.<\/p>\n\n\n\n

At the end of March, the Company had a crude oil stock of 285,960 bbls which allowed for the
lifting and sale of 260,362 bbl from the Djeno Terminal on 1 April 2023, generating USD 21.2
million of cash with a realised price of USD 81.4 \/bbl.<\/p>\n\n\n\n

During 2023 to date, PetroNor has lifted and sold 578,266 bbl of oil with an average price of
USD 78.3 \/bbl. This volume is equivalent to 72 per cent of the total oil lifted in 2022 and 70
per cent of the oil lifted in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

PetroNor E&P has announced a net average production of 5,206 bopd1 in the first quarter of 2023, representing an 11 per cent increase compared with 4,688 bopd in the previous … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":13567,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7447,7442,11],"tags":[504,8476,9856,2082],"class_list":["post-13566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-central-africa","category-countries","category-top-news","tag-congo","tag-petronor","tag-pngf-sud","tag-production","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/04\/PNGF-Sud.jpg?fit=1024%2C510&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3wO","jetpack-related-posts":[{"id":13116,"url":"https:\/\/www.oilnewskenya.com\/index.php\/congo-q4-2022-pngf-sud-production-increase-to-a-decade-high\/","url_meta":{"origin":13566,"position":0},"title":"CONGO: Q4 2022 PNGF Sud Production Increase to a Decade High","author":"","date":"January 11, 2023","format":false,"excerpt":"Average working interest production for PetroNor E&P ASA increased to 4,700 bopd1 in the fourth quarter of 2022, compared with 4,100 bopd in the previous quarter and 3,700 bopd in the corresponding period of 2021. PetroNor\u2019s December production was 5,1001 bopd. The improvement is driven by added capacity from the\u2026","rel":"","context":"In "Central Africa"","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/04\/congo_petronor.jpg?fit=1024%2C510&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/04\/congo_petronor.jpg?fit=1024%2C510&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/04\/congo_petronor.jpg?fit=1024%2C510&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/04\/congo_petronor.jpg?fit=1024%2C510&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13908,"url":"https:\/\/www.oilnewskenya.com\/index.php\/guinea-bissau-congo-petronor-records-all-time-high-production-levels-solid-oil-sales-for-h1-2023\/","url_meta":{"origin":13566,"position":1},"title":"GUINEA BISSAU\/ CONGO: PetroNor Records All-time High Production Levels & Solid Oil Sales FOR H1 2023","author":"","date":"August 31, 2023","format":false,"excerpt":": For PetroNor E&P ASA, the first half of 2023 was characterised by alltime high production levels and solid oil sales resulting in a healthy cash flow for the period. In June, a 100 per cent farm-out of the Guinea Bissau acreage was agreed, in a deal worthup to USD\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/08\/PNGF-Sud.jpg?fit=1024%2C510&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/08\/PNGF-Sud.jpg?fit=1024%2C510&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/08\/PNGF-Sud.jpg?fit=1024%2C510&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/08\/PNGF-Sud.jpg?fit=1024%2C510&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14152,"url":"https:\/\/www.oilnewskenya.com\/index.php\/congo-petronor-reports-production-increase-in-q4-2023\/","url_meta":{"origin":13566,"position":2},"title":"CONGO: PetroNor Reports Production Increase in Q4 2023","author":"","date":"January 10, 2024","format":false,"excerpt":"PetroNor E&P has provided an update on the Congo operations related to the PNGF Sud field complex. Fourth quarter average net to PetroNor production was 5,3191 bopd, compared with 5,113 bopd in the previous quarter and 4,688 bopd in the same period in 2022, yielding an average full-year production of\u2026","rel":"","context":"In "Central Africa"","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/PNGF-Sud.jpg?fit=1024%2C510&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/PNGF-Sud.jpg?fit=1024%2C510&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/PNGF-Sud.jpg?fit=1024%2C510&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/PNGF-Sud.jpg?fit=1024%2C510&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14567,"url":"https:\/\/www.oilnewskenya.com\/index.php\/congo-petronor-provides-update-on-the-pngf-sud-field-complex-operations\/","url_meta":{"origin":13566,"position":3},"title":"CONGO: PetroNor Provides Update on the PNGF Sud field Complex Operations","author":"","date":"October 16, 2024","format":false,"excerpt":"Third quarter average net working interest production was 4,7631 bopd, compared with 4,684 bopd inthe previous quarter and 5,113 bopd in the same period in 2023. During 2024 production efficiencyhas been impacted by system instabilities from interruptions to third-party power imports,commissioning activities, and a growing well workover list. During the\u2026","rel":"","context":"In "Central Africa"","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/04\/congo_petronor.jpg?fit=1024%2C510&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/04\/congo_petronor.jpg?fit=1024%2C510&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/04\/congo_petronor.jpg?fit=1024%2C510&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/04\/congo_petronor.jpg?fit=1024%2C510&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14613,"url":"https:\/\/www.oilnewskenya.com\/index.php\/congo-brazzaville-petronor-ep-posts-record-oil-sale-in-q4-2024\/","url_meta":{"origin":13566,"position":4},"title":"CONGO BRAZZAVILLE: PetroNor E&P Posts Record Oil Sale in Q4 2024","author":"","date":"January 13, 2025","format":false,"excerpt":"PetroNor reports an update on the Congo operations related to the PNGF Sud field complex as follows: On 29 December 2024, the company completed the lifting and sale of an additional 881,192 bbls ofoil at a realised price of USD 72.817 per barrel. Approximately USD 64 million will be paid\u2026","rel":"","context":"In "Central Africa"","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/02\/Congo-Tilapia-field.jpg?fit=462%2C584&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":12907,"url":"https:\/\/www.oilnewskenya.com\/index.php\/congo-brazaville-perenco-strikes-oil-deep-pre-salt-at-tchibeli-ne\/","url_meta":{"origin":13566,"position":5},"title":"CONGO BRAZAVILLE: Perenco Strikes Oil Deep Pre-salt at Tchibeli NE","author":"","date":"December 5, 2022","format":false,"excerpt":"Perenco has hit oil at an additional exploration target in an identified deeper pre-salt structure\u00a0located in the Vandji sandstones, Tchibeli NE, encountered an oil column of 75 metres. The target was\u00a0 part of a two Tchibeli NE development production wells which were brought online last week according to JV partner\u2026","rel":"","context":"In "Central Africa"","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/04\/congo_petronor.jpg?fit=1024%2C510&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/04\/congo_petronor.jpg?fit=1024%2C510&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/04\/congo_petronor.jpg?fit=1024%2C510&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/04\/congo_petronor.jpg?fit=1024%2C510&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=13566"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13566\/revisions"}],"predecessor-version":[{"id":13568,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13566\/revisions\/13568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/13567"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=13566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=13566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=13566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}