Oslo, 10 October 2023: PetroNor E&P ASA ("PetroNor" or the "Company") is pleased
to confirm that 337,221 bbls of oil were lifted and sold from the Djeno Terminal
on 4 October 2023. This brings the total 2023 net entitlement volumes lifted to
1,170,487 bbls and sets a new record for the annual volume for PetroNor.

The Company will update the market once the realised selling price is confirmed.


PetroNor still is holding 120,000 bbls of net entitlenment oil in current
inventory which was not lifted due to operational constraints. The company is
working with the Djeno terminal operators to establish if an additioinal lifting
is possible close to year end 2023 when inventory is forecast to be over 450,000
bbls. 

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