Noreco: Update on the Tyra Redevelopment Project
Oslo, 3 August, 2022: Norwegian Energy Company ASA (“Noreco” or the “Company”) has today published an update on the Tyra Redevelopment Project (“Tyra II” or the “Project”) with the first gas date being revised by the operator of the Danish Underground Consortium (the “DUC), TotalEnergies, to Winter 2023 / 2024. The revision has been driven by global supply chain challenges that have impacted the extent to which fabrication work on the process module (the “TEG”) has been completed in the yard in Batam. While the sail-away of the TEG will be a positive milestone that marks the end of