BlueNord ASA Updates on Tyra II Project Progress

Norwegian Energy Company ASA (GB:0HTF) has released an update.

BlueNord ASA reports that the Tyra II redevelopment project is progressing, with gas production re-established from three of the six fields. However, operational challenges and adverse weather have delayed the reactivation of satellite wells, pushing the expected plateau production to the second half of January 2025. Despite these setbacks, the company remains optimistic about the project’s long-term potential and plans to initiate a capital returns program.

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