BlueNord Announces Third Quarter 2025: Robust Results & Proposed Cash Dividend for the Quarter

OperationalDan, Gorm and Halfdan produced 20.2 mboepd during the quarter. Tyra continued its ramp up, averaging 18.9 mboepd during the quarter and reaching its highest average monthly production since restart at 22.0 mboepd in September. As production from the Tyra hub continues to increase, it is making a significant contribution to the Company's financial results. Reservoir performance remains strong, with ongoing efforts focused on maintaining stable operations and further improving operational efficiency.

OSLO, Norway, 29/10/2025 (informazione.news - comunicati stampa - energia)

Dan, Gorm and Halfdan produced 20.2 mboepd during the quarter. Tyra continued its ramp up, averaging 18.9 mboepd during the quarter and reaching its highest average monthly production since restart at 22.0 mboepd in September. As production from the Tyra hub continues to increase, it is making a significant contribution to the Company's financial results. Reservoir performance remains strong, with ongoing efforts focused on maintaining stable operations and further improving operational efficiency.

Supported by the strong contribution from the Tyra hub and solid performance from the base assets, operating cashflow increased significantly quarter-on-quarter to USD 128.5 million in Q3, up from USD 71.2 million in the previous quarter. During the quarter, the Company distributed a total of USD 302 million based on the 2024 and H1 2025 results, including USD 50 million in the form of share buybacks. Liquidity remains robust, with cash on balance sheet and undrawn RBL capacity of USD 447 million at the quarter end. Reflecting the continued strengthening of both operational and financial performance during Q3, the Company is proposing a cash dividend for third quarter of USD 89 million , representing the top end of the distribution policy range of 50 – 70% of operating cashflow. 

 said Euan Shirlaw , Chief Executive Officer of BlueNord.

The report and investor presentation may be downloaded from the Company's website www.bluenord.com or www.newsweb.no.

The Company will host a webcast today at 10:00 CET .

To join webcast: https://channel.royalcast.com/landingpage/hegnarmedia/20251029_3/

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

This information is considered to be inside information pursuant to the EU Market Abuse Regulation, and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. The stock exchange announcement was published by Cathrine Torgersen , Chief Corporate Affairs Officer, BlueNord ASA, at the date and time as set out above.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/bluenord-asa/r/bluenord-announces-third-quarter-2025--robust-results---proposed-cash-dividend-for-the-quarter,c4258181

The following files are available for download:

 

View original content:https://www.prnewswire.co.uk/news-releases/bluenord-announces-third-quarter-2025-robust-results--proposed-cash-dividend-for-the-quarter-302597912.html