Oslo, 9 October 2026: PetroNor E&P ASA is providing the following update on the
PNGF Sud field operations in Congo.
Third quarter average net working interest production was 4,298 bopd*, compared
with 5,045 bopd during the previous quarter and 4,116 bopd in the third quarter
of 2025.
As signalled with the second quarter results, third quarter production has been
impacted by an unusually high number of wells requiring a workover intervention
to restore capacity. This translates into a lower production efficiency for the
quarter of 90% compared with 93% in the previous quarter. In response, a third
crew has been engaged to address the workover queue. An improvement in
efficiency and production rate is expected in the fourth quarter.
The full account of production performance (including final allocations for
September) will be presented in the interim report for the third quarter of 2026
on 20 November.
*Effective 16.83 per cent net to PetroNor working interest production with
preliminary only production allocations for September.
For further information, please contact:
Investor Relations
Email: ir@petronorep.com
www.petronorep.com
About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and
production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA
holds assets offshore West Africa, specifically the PNGF Sud licenses in Congo
Brazzaville and OML-113 in Nigeria. Under the terms of the PNGF Sud licences, a
proportion of oil produced is used to pay royalties and tax to the Government.
The remaining oil produced is considered "entitlement oil" that can be lifted by
the company and sold in the market.
fted by\
the company and sold in the market.\