Interoil Exploration and Production ASA (IOX)
XOSL 
Summary
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Interoil Exploration and Production ASA Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. Leandro Carbone CEO | XOSL Exchange | NO0010284318 ISIN |
| DE Country | 129 Employees | - Last Dividend | 23 Jan 2024 Last Split | - IPO Date |
Overview
Interoil Exploration and Production ASA is an upstream oil exploration and production company that operates internationally. Founded in 2005 and based in Oslo, Norway, the company is involved in a range of activities within the oil and gas industry. These activities primarily revolve around the acquisition, exploration, development, and operation of oil and natural gas properties. Interoil's operations are geographically spread across Colombia and Argentina, where it holds several concessions for both exploration and production. With a strategic focus on Latin America, Interoil is committed to leveraging its expertise in the sector to explore and produce hydrocarbons efficiently and sustainably.
Products and Services
- Exploration Concessions
Interoil holds exploration concessions where the company conducts geological surveys and exploratory drilling to discover new oil and natural gas reserves. These concessions are vital for the company's growth strategy as they represent future production potential. In Colombia, Interoil has two exploration concessions, focusing on expanding its footprint in the region and discovering valuable resources. Similarly, in Argentina, the company is involved in one exploration concession, applying its expertise to uncover new opportunities in South American oil and gas sectors.
- Production Concessions
In addition to exploration activities, Interoil operates production concessions where hydrocarbon reserves have already been discovered and are currently being developed or produced. The company has two producing concessions in Colombia, which are key to its revenue generation and operational growth. Argentina plays a significant role in its production portfolio with seven production concessions, showcasing the company's established presence and operational success in the region. These concessions are crucial for Interoil's ongoing operations and future profitability, providing a steady stream of oil and natural gas output.
