Atlantic Petroleum said its production in December was lower than previous months.
The company said the figures reflected the previously announced decision to go into default on the Ettrick and Blacbird fields, for which it is currently preparing an offer to exit.
Last month, a total of 25,000 barrels of oil equivalent (boe) were produced from the Chestnut field.
The average daily production was 806boe per day net to the company.
Atlantic has previously revealed it will not be paying a debt reinstalment to Eik Bank in the Faroe Islands.
It had agreed to pay back the loan in three equal instalments this month, December 2016 and December 2017.
The company said the the amount of DKK19.55mm on its DKK58.5MM debt will not be met.
A spokesman said management was in close dialogue with Eik Bank on resolving the issue, and was keeping the bank up to date on “wider issues” for the company.
Earlier this month the company revealed it was still facing the prospect of bankruptcy if a solution could not be found following the collapse of Iona Energy and the North Sea Orlando prospect.
Atlantic, which had a 25% stake in Orlando, said it is in talks with a London-based party regarding its 25% stake in the Orlando project.