i3 energy plc said thursday that it expects average production in 2023 to rise around 10 to 13 and that it will increase its dividend the londonlisted oilandgas company said it forecasts production to be in the range of 22250 to 23000 barrels of oil equivalent a day with an expected 2023 peak production rate of around 26000 barrels of oil equivalent a day the company said it was increasing its total 2023 minimum dividend payout to 245 million pounds 296 million which equates to an annual dividend of 2052 pence a share the company said its 2023 capital investment program of 641 million will be 67 weighed toward the second half with wells expected to be brought on production ahead of historically stronger winter pricing the success of our 2022 drilling program in canada has continued to derisk our growth strategy in certain key development assets within our portfolio and we are confident that our 2023 capital program will be equally successful and should result in production growth of up to 13 in 2023 chief executive majid shafiq said shares at 0812 gmt were up 085 pence or 4 at 22 pence