Production update February 2010

The average production in February 2010, compared to the average production in
January 2010, was:


Production*   February 2010          January 2010
Peru             4'107                        4'923
Colombia       2'131                       2'219
Total             6'238                       7'142

*The production is average daily production (bopd) and is working interest
before royalty

InterOil Peru has experienced unexpected high depletion by some of the wells in
the Mirador area lately. Some wells were also shut-in due to work-over and bad
weather in Peru in February. InterOil will during the next couple of months
drill two new wells in the Mirador area in Peru. In Colombia the first
exploration well on the Altair license will be spudded at the end of March.

Oil has been sold at average sales price of USD 72.59 in Peru and USD 70.94 in
Colombia per barrel during February.
For more information please contact:

Fredrik von Zernichow
Investor Relation Manager
Tel: +47 6751 8661
Mob: +47 9927 3843
Fax: +47 6751 8660
E-mail:f.zernichow@interoil.no
www.interoil.no
***************************

InterOil Exploration & Production ASA is a Norwegian based exploration and
production company - listed on the Oslo Stock Exchange - with focus on
Latin-America and West-Africa. The company is operator of several production and
exploration assets in Peru and Colombia, and is an active license partner in
Angola and Ghana. InterOil currently employs approximately 250 people and is
headquartered in Oslo.

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


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