BlueNord: Update on Tyra Redevelopment Project and Tyra Completion Test

Upon meeting the Tyra Completion Test, BlueNord will reach an important milestone and be able to commence distributions to its shareholders. Based on current performance and the continued progress of the ramp-up phase, the Company anticipates meeting this 30-day average requirement of 191 mmscfpd in mid-March.

Separately, the operator TotalEnergies has announced this morning that the gas production level meets its previously communicated target under REMIT, thereby concluding the REMIT process for Tyra II. However, TotalEnergies also announced this morning that they continue to expect the Tyra gas hub to supply up to 2.8 billion cubic meters of gas per year. BlueNord continues to expect a gross plateau production of approximately 80 mboepd to be reached in March. BlueNord will update the market in due course.

Reference is also made to the REMIT notifications issued by TotalEnergies: Postings (gashub.at) (https://www.gashub.at/remit/postings.xhtml). 

This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. 

Contact: 
Cathrine Torgersen, Chief Corporate Affairs Officer 
Phone: +47 915 28 501 
Email: cathrine.torgersen@bluenord.com

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