Oslo, 8 July 2024: Reference is made to stock exchange notice published on 6 May
2024 by BlueNord ASA ("BlueNord" or the "Company") related to the need for
repair of the transformer for the IP gas compressor impacting the timing of the
ramp-up to maximum technical capacity. The hook-up and commissioning work on the
Tyra West and Tyra satellite fields are successfully concluded, however a
technical issue has occurred with the Low Pressure (LP) compressor transformer.
The operator, TotalEnergies, confirms that immediate actions have been taken to
remedy the impact and initiate repairs and all the teams and external suppliers
are fully mobilized.
While these remediation steps are in progress, efforts related to testing and
commissioning continue with an aim to partially resume production from Tyra II
during the summer of 2024. As a result of these efforts, the Harald field is
expected to resume production shortly. The Harald gas production will initially
support the Tyra commissioning and hence only minor additional export volumes
are expected, however, intermediate solutions are still expected to be put in
place and BlueNord reiterates the previously communicated timeline with plateau
production from Tyra II expected in Q4 2024.
Reference is also made to the REMIT notification issued by TotalEnergies on 8
July 2024: 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.
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Contact:
Cathrine Torgersen, Chief Corporate Affairs Officer
Phone: +47 915 28 501
Email: cathrine.torgersen@bluenord.com
About BlueNord ASA
BlueNord is a strategically important European oil and gas company that
specialises in producing and developing energy resources, and in activities
which support the energy transition. The Company has a 36.8 percent interest in
the Danish Underground Consortium (DUC) that is responsible for oil and gas
production in the Danish North Sea. BlueNord is listed on the Oslo Stock
Exchange and trades under the ticker "BNOR". For further information, please
visit: www.bluenord.com.