Oslo, 10 July 2023: PetroNor E&P ASA ("PetroNor" or the "Company") is pleased to
provide the following update on the Congo operations related to the PNGF Sud
field complex.

For the first half of 2023 average gross production of 30,330 bopd has been
achieved (subject to final allocation adjustments). This is equivalent to 5,105
bopd net to PetroNor on a working interest basis and represents an increase of
16 % over the previous half year in 2022. Field performance is supported by
strong contributions from the six infill wells on Litanzi and Tchibeli NE
drilled in 2022.

As reported on 12 June, infill drilling restarted in late May 2023 with an
initial focus on the Tchibeli field. The programme is progressing ahead of
schedule with the first two wells now drilled to planned total depth and
currently being completed for production. First oil from these wells is expected
during August. An additional two infill wells on Tchibeli are planned to follow
this year.

As reported on 6 July, PetroNor lifted and sold 270,000 bbls (net entitlement
production) on 26 June 2023, bringing total sales for the year to 833,266 bbls.
The realised sales price was 72.1 USD/bbl. The Company will release its 1H
interim financial statements on 30 August 2023.

For further information, please contact:
Investor Relations
Email: ir@petronorep.com
www.petronorep.com

About PetroNor E&P ASA
PetroNor E&P ASA is an Africa-focused independent oil and gas exploration and
production company listed on Oslo Børs with the ticker PNOR. PetroNor E&P ASA
holds exploration and production assets offshore West Africa, specifically the
PNGF Sud licenses in Congo Brazzaville, the A4 license in The Gambia, the Sinapa
(Block 2) and Esperança (Blocks 4A and 5A) licenses in Guinea-Bissau, the
Rufisque Offshore Profond and Senegal Offshore Sud Profond in Senegal (in
arbitration) and OML-113 in Nigeria.

Under the terms of the PNGF Sud licences, a proportion of oil produced is used
to pay royalties and tax to the Government. The remaining oil produced is
considered "entitlement oil" that can be lifted by the Company and sold in the
market.