Interoil Exploration and Production
Interoil Exploration and Production ASA is a Norwegian-listed independent oil and gas exploration and production company operating onshore assets in Colombia, generating revenue by selling crude oil and natural gas produced from its Puli-C, Altair, and LLA-47 licenses into global commodity markets.
- Company typePublic
- Founded2005
- HeadquartersOslo, Norway
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Interoil Exploration and Production does
Interoil Exploration and Production ASA is a Norwegian-headquartered, Oslo Stock Exchange-listed (ticker IOX) independent oil and gas exploration and production company that acquires, explores, develops, and operates hydrocarbon assets in Latin America. Following a February 2026 strategic exit from Argentina, the company's operations are now concentrated in Colombia, comprising two production licenses (Puli-C and Altair) and the 447 km² LLA-47 exploration block in the Llanos Basin, where the Vikingo discovery well has been producing since opening. Historically, the company also operated five producing exploitation concessions in Argentina's Santa Cruz/Austral Basin with approximately 3,000 boepd of operated production across 42 oil wells and 30 gas wells, and held an 80% operated working interest in the La Brea block joint venture with Selva Maria Oil SA and JEMSE; both Argentina assets have been divested. Interoil's underlying technology stack is conventional upstream: 3D seismic acquisition and interpretation (350 km acquired on LLA-47), well drilling and intervention, and standard production operations on onshore acreage.
The company generates revenue by selling produced crude oil and natural gas into global commodity markets, with pricing determined by benchmark oil and gas prices rather than company-set tiers. Its go-to-market is sales-led and asset-driven: Interoil grows by acquiring licenses, participating in exploration blocks, and operating production assets, with output sold to refineries, traders, and gas buyers. 2P reserves are stated to exceed 6 million barrels of oil equivalents. Distribution of investor and operational information is handled through the Oslo Stock Exchange disclosure system and the corporate website. Recent corporate activity has been dominated by defensive actions: multiple senior secured callable bond amendments through 2025 and 2026, a request to settle the July 2026 interest payment in kind, a delay in publishing 2025 financials, a Norwegian FSA preliminary assessment tied to a 2024 accounting correction, a CFO change, and the Argentina divestiture, all of which point to balance sheet repair and a narrower, Colombia-focused operating footprint rather than expansion.
Interoil Exploration and Production firmographics
Firmographics- Name
- Interoil Exploration and Production
- Legal name
- Interoil Exploration and Production ASA
- Website
- https://interoil.no
- Company type
- Public
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Interoil Exploration and Production ASA is a Norwegian-listed independent oil and gas exploration and production company operating onshore assets in Colombia, generating revenue by selling crude oil and natural gas produced from its Puli-C, Altair, and LLA-47 licenses into global commodity markets.
- Ownership category
- akta.pro rank
Interoil Exploration and Production industry classification
Industry- Product category
- Oil and Gas Exploration and Production
- NAICS
- Crude Petroleum Extraction (21112), Oil and Gas Extraction (211), Natural Gas Extraction (21113)
- SIC
- Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)
- akta.pro primary industry
- Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF)
Keywords
Where Interoil Exploration and Production is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices2 records
Markets served
Interoil Exploration and Production business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D
Revenue model
- Oil and Gas Production Sales: Interoil generates revenue through the sale of crude oil and natural gas produced from its exploitation concessions and production licenses in Colombia. Production comes from Puli-C and Altair licenses in Colombia, with stable production and cash-flow from oil and gas properties.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Interoil Exploration and Production product offering
Product offeringCore offering
Interoil Exploration and Production ASA is an independent oil and gas exploration and production company that acquires, explores, develops, and operates hydrocarbon properties in Latin America. The company produces and sells crude oil and natural gas from a portfolio of exploitation concessions and production licenses, primarily the Puli-C and Altair licenses in Colombia, with additional exploration activity at the LLA-47 block in the Llanos Basin where it acquired 350 km of 3D seismic data and made the Vikingo discovery. Revenue is generated from the sale of produced hydrocarbons into global commodity markets.
Product overview
Interoil Exploration and Production ASA is an independent oil and gas exploration and production company operating in Latin America. The company's product offering centers on its portfolio of oil and gas assets, including two production licenses in Colombia (Puli-C and Altair), the LLA-47 exploration contract with the Vikingo discovery well, and production concessions in Argentina's Santa Cruz Region and the La Brea block. The company's assets provide stable production and cash-flow from oil and gas operations in Colombia and Argentina, with a strategic focus on maximizing value from the existing asset portfolio.
Differentiator
Problem solved
Functional benefit
Products and services
- Oil and Gas Exploration and Production Interoil's primary business is the exploration and production of crude oil and natural gas in Latin America, with operations focused on onshore assets in Colombia.
- Puli-C Production License One of two production licenses held by Interoil in Colombia, providing stable crude oil production and cash-flow.
- Altair Production License One of two production licenses held by Interoil in Colombia, contributing to the company's stable production base.
- LLA-47 Exploration Contract Onshore exploration block in Colombia's Llanos Basin covering 447 square kilometers with 350 km of 3D seismic data acquired and multiple hydrocarbon prospects identified.
- Vikingo Well Discovery First well drilled in the LLA-47 block, which turned out to be a hydrocarbon discovery and has been producing since opening.
Companies that use Interoil Exploration and Production
Customer profileSegments1 record
Ideal customer profiles1 record
Interoil Exploration and Production technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Interoil Exploration and Production partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Selva Maria Oil SAcoreJoint venture partner in the La Brea block in Jujuy Province, Argentina. Interoil holds 80% working interest in a joint venture with Selva Maria Oil SA and JEMSE, with Interoil becoming the operator.
- JEMSE (Jujuy Energía y Minería Sociedad del Estado)coreState-owned company of the Province of Jujuy, Argentina, and joint venture partner in the La Brea block. Interoil holds 80% working interest in a joint venture with Selva Maria Oil SA and JEMSE.
Scale indicators5 records
Recent moves7 records
Expansion highlights4 records
Interoil Exploration and Production competitors and assessment
Company assessmentDirect peers
- Frontera Energy: Latin American independent E&P with the largest operated land position in Colombia's Llanos Basin, plus legacy Peruvian and Ecuadorian assets. Highly comparable on Colombia focus and E&P operating model.
- Parex Resources: Independent E&P focused exclusively on Colombia, with operations concentrated in the Llanos Basin. Similar in size and operating approach to Interoil — operator-led exploration and production in Colombian onshore blocks.
- Gran Tierra Energy: Colombia-focused independent oil and gas E&P company listed in Toronto and on the London Stock Exchange, operating primarily in the Llanos Basin — the same basin as Interoil's LLA-47 block. Directly comparable in terms of geographic focus, asset base, and operating model.
- GeoPark Limited: Latin American independent E&P with significant operations in the Llanos Basin of Colombia, alongside assets in Chile, Brazil, and Argentina. Closely comparable on geography (overlapping Colombia exposure), production scale, and operator profile.
- Canacol Energy: Colombia-focused independent E&P with significant natural gas production in the Lower Magdalena Basin. Similar operator-led model in Colombia with comparable scale.
Emerging players
- Touchstone Exploration: Small-cap independent E&P operating in Trinidad and Tobago with an onshore-focused, modest-production profile similar to Interoil's. Comparable on scale, public-listing structure, and operator-led E&P model.
- Eco (Atlantic) Oil & Gas: Junior E&P with assets offshore South Africa and Guyana Suriname. Comparable on small-cap exploration-stage profile, although it focuses offshore rather than onshore like Interoil.
Regional players
- Phoenix Global Resources: Argentina-focused independent E&P operating in the Austral Basin — directly comparable to Interoil's former Santa Cruz concessions. Listed on the London Stock Exchange with similar small-cap profile.
- Crown Point Energy: Small-cap independent E&P operating in Argentina's Austral and Neuquén basins, with similar size and operating profile to Interoil's former Argentine assets. Useful historical peer for Interoil's Argentina exposure prior to the 2026 exit.
Others
- Andes Energía: Former largest shareholder of Interoil (acquired 51% in 2015 restructuring) and a Latin American-focused upstream investor. Thematically related as a historical sponsor and E&P investor in the same geography.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Interoil Exploration and Production financial estimates
Financial estimateRevenue estimate
Valuation estimate
Interoil Exploration and Production leadership team
Management profileNumber of profiles
Profiles8 records
Interoil Exploration and Production funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Interoil Exploration and Production M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Interoil Exploration and Production
What does Interoil Exploration and Production do?
Interoil Exploration and Production ASA is an independent oil and gas exploration and production company that acquires, explores, develops, and operates hydrocarbon properties in Latin America. The company produces and sells crude oil and natural gas from a portfolio of exploitation concessions and production licenses, primarily the Puli-C and Altair licenses in Colombia, with additional exploration activity at the LLA-47 block in the Llanos Basin where it acquired 350 km of 3D seismic data and made the Vikingo discovery. Revenue is generated from the sale of produced hydrocarbons into global commodity markets.
Is Interoil Exploration and Production a public or private company?
Interoil Exploration and Production is a public company. It is classified as public and is currently operating.
When was Interoil Exploration and Production founded?
Interoil Exploration and Production was founded in 2005. It employs 101 to 250 people.
Where is Interoil Exploration and Production based?
Interoil Exploration and Production is headquartered in Oslo, Norway, in the Europe region.
How does Interoil Exploration and Production make money?
One revenue line is on record: oil and Gas Production Sales.
Who are Interoil Exploration and Production's main competitors?
Direct peers on record are Frontera Energy, Parex Resources, Gran Tierra Energy, GeoPark Limited and Canacol Energy. Emerging players are Touchstone Exploration and Eco (Atlantic) Oil & Gas. Regional players are Phoenix Global Resources and Crown Point Energy. Andes Energía is listed as an others.
Does Interoil Exploration and Production have an API?
No public API is recorded for Interoil Exploration and Production.
What industry is Interoil Exploration and Production in?
Interoil Exploration and Production's product category is Oil and Gas Exploration and Production. Its primary akta.pro industry code is EUALAAAF, Production Operations & Well Optimization (Artificial Lift, Flow Assurance). Its NAICS code is 21112 and its SIC code is 1311.