Oslo, 11 April 2022: PetroNor E&P ASA ("PetroNor" or the "Company") today
provides an update on its first quarter production and lifting pre-payments.

PetroNor holds an indirect ownership interest of 16.83 per cent in PNGF Sud in
Congo, which is the Company's core production licence. Total field production
from this asset amounted to 21,476 bopd (preliminary production allocation) in
the first quarter of 2022, corresponding to a net production to PetroNor of
3,614 bopd.

PetroNor signed a pre-payment sales agreement with ADNOC Trading during the
quarter and has invoiced against entitlement production (net after royalty and
tax) comprising the December end balance, January, and February volumes for a
total of 164,071 bbl.

The infill drilling program on PNGF Sud commenced in November 2021 with the
spudding of the first of four wells on Litanzi in a total drilling program of 17
infill and development wells. Drilling operations are slightly delayed relative
to plan, with one future injector well having been put on a 2-3 month clean-up
production schedule. This well will be used for water injection following this
clean-up. Current operations involve running the completion on a second well
which is planned to be placed on production within one week.

PetroNor has commissioned an updated Competent Persons Report (CPR) from AGR
Petroleum Services. The upgrade from resources to reserves as a consequence of
advancing the Tchibeli NE development has increased net PetroNor reserves as per
31.12.21 by 0.3 mmbo to 20.6 mmbo relative to net volumes 31.12.20. This
constitutes a reserves replacement ratio of 126 per cent following a net
production during 2021 of 1.27 mmbo.

The full account of production, reserves, and resources will be presented in the
2021 annual report.

For additional 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 (subject to completion).