BlueNord has announced its financial results for the first quarter of 2026, delivering another quarter of strong operational and financial performance.Highlights…
BlueNord has announced its financial results for the first quarter of 2026, delivering another quarter of strong operational and financial performance.
Highlights include:
• Net hydrocarbon production of 43.1 mboepd (42.2 mboepd in Q4 2025)
• Revenues of USD 318 million (USD 270 million in Q4 2025)
• EBITDA of USD 201 million (USD 186 million in Q4 2025)
• Net operating cash flow of USD 141 million (USD 165 million in Q4 2025).
BlueNord delivered total net production of 43.1 mboepd in the first quarter of 2026, within the quarterly guidance range of 42.0-45.0 mboepd. The performance reflects continued improvement at the Tyra hub with its highest quarterly contribution of 22.9 mboepd since restart, alongside stable contribution from the base assets.
At Tyra the successful execution of the walk-to-work campaign took place in March, resulting in approximately 80% of the total well stock now on stream, and materially increasing available well potential. The base assets (Dan, Gorm and Halfdan hubs) averaged 20.1 mboepd, in line with expectations.
During the quarter the company announced that the Danish government had invited the Danish Underground Consortium partners to explore an extension of the existing production license beyond its current 2042 expiry, within the
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