InterOil Exploration and Production ASA (DE:1ZD0) has released an update.
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InterOil Exploration and Production ASA has successfully negotiated a partial termination agreement with Colombia’s National Hydrocarbons Agency, ending all pending exploration commitments in the LLA-47 block while maintaining production activities in the Vikingo Production Area. This strategic move enables the Norwegian-based company, which operates in Latin America and is listed on the Oslo Stock Exchange, to concentrate on developing its assets in Colombia and Argentina. The resolution is seen as a significant advancement for InterOil, aligning with its growth objectives in the region.
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