The Company's 2P Reserves Replacement Ratio was 135%, with a total of 12.3mmboe added, mainly from the maturation of projects, more than offsetting the 2023 production of 9.1 mmboe.
"I am pleased to announce that during 2023, BlueNord's 2P Reserves have increased due to the successful maturation of the Adda development from Contingent Resources to Justified for Development. The 135% Reserves Replacement achieved in 2023 is an indication of the quality and the richness of the DUC opportunity inventory. With the brand-new Tyra facilities now processing gas, the maturation of projects that will utilise these new state of the art processing facilities is key, and the 2023 result shows that we are on track", said
The Reserves Report is attached and will be made available on the Company's website www.bluenord.com.
This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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Contact:
Email: cathrine.torgersen@bluenord.com
Phone: +47 915 28 501
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
visit: www.bluenord.com.
https://news.cision.com/bluenord-asa/r/bluenord--2023-annual-statement-of-reserves-and-resources-with-135--replacement-ratio,c3947086
https://mb.cision.com/Main/4225/3947086/2674439.pdf
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