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BlueNord ASA

Earnings Release Apr 7, 2025

3692_rns_2025-04-07_097910d1-e106-4731-8df4-b2250e4daee6.html

Earnings Release

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BlueNord: Preliminary Production for March 2025

BlueNord: Preliminary Production for March 2025

Oslo, 7 April 2025: BlueNord ASA ("BlueNord" or the "Company") has today

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

preliminary production was 25.2 mboepd net to BlueNord. The base assets, Dan,

Gorm and Halfdan produced 19.6 mboepd and 5.5 mboepd was produced from the Tyra

hub.

The Dan and Halfdan hubs both had very stable production, with operational

efficiencies exceeding 90%. On the Gorm hub, minor operational issues, which

have now been resolved, resulted in lower than expected production.

Since 4 March 2025, the Tyra hub has been restricted to Harald production due to

a breaker failure in the electrical high-voltage system. As announced by

BlueNord on 4 April 2025, the necessary replacement parts have successfully been

delivered offshore, and installation and testing is ongoing. Full technical

capacity from Tyra II is expected to be fully restored this week followed by a

continuation of production ramp-up.

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 (DUC) 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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