BlueNord Achieves Milestone in Tyra Redevelopment Project and Gas Production Test

BlueNord's Tyra Redevelopment Project: A Milestone Achieved

BlueNord ASA, a prominent player in the energy sector, has recently given an optimistic update regarding its Tyra Redevelopment Project. On February 27, 2025, the project, often referred to as Tyra II, recorded a notable gas export rate exceeding 200 million standard cubic feet per day (mmscfpd). This achievement is significant not only for the company but also for its shareholders who are eager for updates and the anticipated distributions that are set to follow.

The Tyra Completion Test is a critical benchmark within this redevelopment initiative. To fulfill the requirements of this test, BlueNord needed to sustain an average gas export rate exceeding the threshold of 191 mmscfpd over a continuous 30-day rolling period. Hitting this milestone represents a pivotal moment for BlueNord as it approaches the fulfillment of the Completion Test and prepares for potential shareholder distributions. Based on the current gas export rate and ongoing ramp-up efforts, the company is optimistic about meeting the completion metrics by mid-March.

It is also noteworthy that an additional announcement from TotalEnergies, the project operator, highlighted that the gas production meets the previously set targets in accordance with the REMIT regulations. This closure marks the end of the REMIT reporting cycle for Tyra II, confirming that production aligns with industry expectations. TotalEnergies has calculated that this gas hub could potentially supply up to 2.8 billion cubic meters of gas each year.

Looking ahead, BlueNord is projecting to reach a gross plateau production of approximately 80 thousand barrels of oil equivalent per day (mboepd) in March. The company has expressed its proactive approach in keeping stakeholders informed, promising regular updates as necessary to reflect the progression of the Tyra Redevelopment Project.

Alongside this information is a reference to the formal REMIT notifications that TotalEnergies has issued, which provide comprehensive insights regarding the gas hub’s operations. Stakeholders can access these updates on the official website, providing a transparent view into the ongoing developments surrounding the Tyra project.

It's critical to recognize the efforts of BlueNord in navigating the complexities of energy production, signaling not only a stable operational future but also a commitment to shareholder value through consistent performance. The company’s trajectory suggests a robust potential for growth as it capitalizes on the output of Tyra II, underlining its strategic importance in BlueNord’s overall portfolio and its contribution towards meeting national energy needs.

In conclusion, the Tyra Redevelopment Project stands as a significant venture within BlueNord's operations. The achievement of surpassing the expected gas export rates is a promising indicator of the project's viability and BlueNord’s capability in the energy sector. As the company progresses towards completion and prepares for shareholder distributions, it continues to pave a path for sustainable energy production and economic benefit.