BlueNord Reports Strong Preliminary Production Figures for September 2025

BlueNord ASA, known as BlueNord, has announced its preliminary production figures for September 2025, marking significant developments across its operational hubs. This report focuses on the company's production performance, highlighting the success of the Tyra hub and the challenges faced by other assets.

Overview of Production Performance

In September 2025, BlueNord achieved a preliminary production rate of 41.2 mboepd (thousand barrels of oil equivalent per day) net to the company. Notably, the Tyra hub led the way with an impressive output of 22.0 mboepd. This figure represents the highest monthly production since the restart of the Tyra facilities, reflecting major advancements in production stability compared to previous months.

The operator has committed to ongoing efforts aimed at further enhancing the reliability and performance of the Tyra hub. These initiatives are based on comprehensive studies revealing key areas for improvement. BlueNord expects TotalEnergies, the operator of the Tyra facilities, to address the identified challenges, enabling a stable plateau of production throughout 2025.

Quarterly Insights

The preliminary figures for the third quarter of 2025 highlight a production of 18.9 mboepd from the Tyra hub. This result sits at the upper end of the previously revised production guidance, which was projected between 17.0 – 19.0 mboepd.

Base Assets Performance

Aside from Tyra, BlueNord's base assets, including the Dan, Gorm, and Halfdan hubs, contributed a combined total of 19.2 mboepd net to the company. While the performances from Dan and Halfdan aligned with expectations, the Gorm hub faced operational challenges. These issues pertained to compressors and the water injection system, hampering optimal production levels.

The operator currently prioritizes resolving these challenges, and BlueNord is optimistic that full production from Gorm will soon recommence. Preliminary production figures for the base assets in the third quarter were slightly lower than the initial guidance, totaling 20.2 mboepd against a target of 21.0 – 23.0 mboepd. Nonetheless, the overall quarterly production across all DUC (Drilled but Uncompleted) assets reached a commendable 39.1 mboepd, comfortably within the guidance range of 38.0 – 42.0 mboepd.

Future Expectations and Strategy

Moving forward, BlueNord plans to maintain the momentum achieved in September 2025. The company is set to implement various strategic initiatives, focusing on improving operational efficiencies across its asset portfolio. This approach will aid in mitigating current challenges while ensuring sustained production levels throughout 2025. Moreover, the emphasis on collaborative efforts with TotalEnergies will be crucial to optimizing production stability at Tyra and improving overall operational performance.

These preliminary production figures reflect BlueNord's resilience and adaptability in a dynamic energy landscape. As the company navigates upcoming challenges and strives for excellence, stakeholders eagerly await further updates detailing the progress and outcomes of ongoing operations.

Regulatory Compliance

This information is made available in accordance with the disclosure requirements of the Norwegian Securities Trading Act, section 5-12, ensuring transparency for all stakeholders involved.

For further inquiries, Cathrine Torgersen, Chief Corporate Affairs Officer of BlueNord, is available for contact via phone at +47 915 28 501 or through email at [email protected]