BlueNord: Second Quarter 2023 Production Update and Revised Production Guidance

Source: www.gulfoilandgas.com 6/7/2023, Location: Europe

BlueNord ASA ("BlueNord" or the "Company") today announced preliminary production for April and May 2023 of 22.6 thousand barrels of oil equivalent per day (mboepd) including a revised quarterly production guidance for 2023 as described below.

The planned Halfdan re-route was completed ahead of schedule, with more limited impact on Dan and Halfdan production than expected. In addition, the underlying well potential has increased with both a higher than expected effect from the Gorm restimulation campaign and additional restimulation campaigns on Dan.

"I am delighted to confirm that the high level of well intervention and stimulation activity during 2022 and 2023 has delivered higher than expected production gains and we are seeing increased longer term well potential on both the Dan and Gorm fields. Combined with the efficient execution of the Halfdan re-route project and high production uptime we have increased our current expectation of 2023 production," said Marianne Eide, Chief Operating Officer in BlueNord.

BlueNord will announce its second quarter 2023 results on 12 July 2023.


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