BlueNord: Update on Tyra Redevelopment Project
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.
***
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.