InterOil Exploration & Production ASA

Transaction Type
Sellers
Marketers
Basin
Talara Basin, Llanos and Middle Magdalena Valley basins
Post Date
Estimated Price
0MM
Description

InterOil Exploration & Production ASA has retained Macquarie Tristone to seek strategic alternatives for interests in Peru and Colombia, including joint ventures, farm outs, merger or sale of assets. Two separate packages involve 253 million gross acres across six concessions in Peru's Talara Basin and Colombia's Llanos and Middle Magdalena Valley basins. Total production is 8,048 barrels of oil equivalent per day with US$8 million in net operating cash flow. Proved reserves are 15 million barrels of oil equivalent (20 million proved probable and possible). Upside includes infill locations in Peru's South Mirador Field and the recently awarded Altair exploration block in Colombia's Llanos Basin. The bid due date is Nov. 10. Contact Miles Redfield, 713-651-4229, miles.redfield@macquarie.com.