BlueNord: Update on Tyra Redevelopment Project

10 Nov 2024 09:12 CET

Oslo, 10 November 2024: BlueNord ASA, ("BlueNord" or the "Company") is pleased
to announce that the operator of the DUC, TotalEnergies, has informed its
partners that all necessary machinery is now fully operational at the new Tyra
facilities. This milestone marks the achievement of full technical capacity,
which BlueNord expects will enable the ramp-up to production plateau before year
-end in line with the Company's previous communications to the market.

"I am very pleased that Tyra II has achieved full technical capacity, and we can
begin the ramp-up to plateau production before the winter season. The benefits
of restarting Tyra II extend beyond increased gas production. With Tyra's
upgraded facilities, we expect a significant reduction in CO2 intensity and a
lower unit operating cost," said Miriam Lykke, Chief Operating Officer  in
BlueNord

Reference is also made to the REMIT notifications issued by TotalEnergies:
Postings (gashub.at) (https://www.gashub.at/remit/postings.xhtml).

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.

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Contact:
Cathrine Torgersen, Chief Corporate Affairs Officer
Phone: +47 915 28 501
Email: cathrine.torgersen@bluenord.com

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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