BlueNord lowers Tyra production guidance for Q3 2025

Norwegian company BlueNord has revised downward its production forecasts for the Tyra gas field for the third quarter, following unplanned outages and more impactful maintenance than anticipated.

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Norwegian producer BlueNord ASA reported preliminary production of 37.2 thousand barrels of oil equivalent per day (mboepd) for August 2025, split between its base assets Dan, Gorm and Halfdan, and the Tyra gas hub. Output from the legacy assets reached 21.9 mboepd, slightly below the company’s expectations due to a mechanical issue on the Gorm lift gas compressor and scheduled maintenance on Halfdan’s HP/IP compressor. Both interventions have now been completed.

At the Dan site, the well workover campaign was completed on 11 August with six successful interventions. BlueNord also stated that a significant portion of planned maintenance for 2025 has already been carried out, contributing to increased unplanned downtime. No major maintenance is scheduled for the remainder of the year, and guidance for the third and fourth quarters on base assets remains unchanged.

Reduced production at Tyra in August

Net production from the Tyra hub stood at 15.3 mboepd, affected by a four-day shutdown linked to IP compressor issues, which have since been resolved. Additionally, a scheduled pigging operation on the Harald pipeline reduced output over a two-week period. While planned, this activity had a greater-than-expected impact. Production was also limited over the summer due to process control issues in the water treatment system.

An internal task force at operator TotalEnergies has identified the root causes of the technical challenges. Remediation efforts are underway, while export volumes peaked at 25.1 mboepd at the end of the month.

Updated 2025 guidance

In light of performance in July and August, BlueNord lowered its net production forecast for Tyra in Q3 from an initial range of 22.0 to 26.0 mboepd to between 17.0 and 19.0 mboepd. For Q4, guidance was also adjusted downward to a range of 21.0 to 27.0 mboepd, compared with the previous 26.0 to 30.0 mboepd.

Scheduled maintenance and ongoing efforts to enhance facility reliability are expected in the coming months. BlueNord confirmed these elements have been factored into the revised outlook. Technical studies by the operator are expected to result in concrete actions to stabilise output.

The company noted that well and reservoir performance continues to exceed expectations, supporting the project’s underlying value. Target plateau production of approximately 30.0 mboepd net to BlueNord is still expected to be achieved by the end of 2025, pending resolution of the identified issues.

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