BlueNord ASA ("BlueNord" or the "Company") has today announced its preliminary production figures for November 2024 and is also pleased to announce first production from the Harald East Middle Jurassic well (“HEMJ”).
In November, the preliminary production was 25.6 mboepd net to BlueNord. The base assets, Dan, Gorm and Halfdan produced 23.4 mboepd and 2.2 mboepd was produced from the Tyra hub.
Tyra reached full technical capacity on 10 November 2024, and production resume from the Harald field on the same day. Tyra East, Tyra South East and the third-party Trym field have commenced production, with BlueNord’s net daily production in November peaking at 11 mboepd. However, in the second half of the month, Tyra also experienced periods of lower production as weather conditions impacted access to the satellites and the Operator continued work to optimise the offshore systems.
The overall ramp-up of the Tyra facilities is currently progressing according to plan and, with Tyra production of 8.5 mboepd net to BlueNord per 7 December 2024, the Company reiterates its earlier communication of reaching plateau production by end of 2024 and with an expected exit rate in 2024 of ca 30 mboepd net from Tyra.
In addition, the Company is pleased to announce that the Harald East Middle Jurassic well was successfully brought on production on 6 December which will allow for a longer plateau production from the Tyra hub, and as HEMJ production continues, the promising volume potential will be further assessed and communicated.
For the base assets, Gorm, Dan and Halfdan hubs, production in November was impacted by the start-up activities on Tyra and a spool replacement on Dan. On the Gorm hub the SGPAP production has been impacted by water handling constraints. Work is currently being carried out to increase the injection capacity on the Gorm hub to increase production again. The WROM campaign on Halfdan is successfully ongoing, with completion of interventions on 15 Halfdan wells during 2024.
This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
