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BlueNord ASA

Earnings Release Mar 6, 2025

3692_rns_2025-03-06_b218b2bc-58c5-4b34-8e92-361e3cbf828c.html

Earnings Release

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BlueNord: Preliminary Production for February 2025

BlueNord: Preliminary Production for February 2025

Oslo, 6 March 2025: BlueNord ASA ("BlueNord" or the "Company") has today

announced its preliminary production figures for February 2025. In February, the

preliminary production was 35.5 mboepd net to BlueNord. The base assets, Dan,

Gorm and Halfdan produced 20.4 mboepd and 15.1 mboepd was produced from the Tyra

hub.

While the production from the base assets were lower than in previous months, it

was in line with expectations due to planned maintenance work on Gorm during the

period. The work was successfully completed, and Gorm production has resumed.

Halfdan production was particularly strong, with a preliminary operational

efficiency of 94%.

The Tyra ramp-up continued during February, and as announced on 28 February, a

gas export rate above 200 mmscfpd was achieved. Ramp-up and fine tuning of the

operations is still ongoing, and short-term shutdowns were experienced during

the month.

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: [email protected]

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 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.

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