Significant Production Increase
Total production was 127,000 BOEs per day, an increase of 74% year-over-year and 7% quarter-on-quarter. Oil production was 110,000 barrels per day, an interannual increase of 73% and 7% sequentially.
Strong Financial Performance
Total revenues during the quarter were $706 million, 53% above the same quarter of last year and 16% above the previous quarter. Adjusted EBITDA was $472 million, an interannual increase of 52% and a sequential increase of 70%.
Successful Well Tie-Ins
Connected 24 wells during Q3, contributing to the production growth, with plans to accelerate new well activity in Q4 with 12 to 16 tie-ins.
Robust Export Activity
Oil exports increased 84% year-over-year to 6.3 million barrels for the quarter. 100% of oil volumes were sold at export parity prices.