Energy operator BlueNord confirmed that the completion test of the Tyra project in the North Sea met all the requirements demanded by its financial lenders. This result validates the productive performance of the offshore complex, and sets a solid trajectory for a significant equity distribution to its shareholders.
Technical evaluation and observed performance of the Tyra project
After seven months of continuous production, the data obtained showed a stable and above-estimated performance in gas and oil extraction. The evaluation considered both the volume of hydrocarbons extracted and the operational availability of the infrastructure, consolidating the maturity of the Tyra II system.
By passing Tyra’s operational validation of TyraThis step allows BlueNord to unlock a distribution of US$253 million, which will be delivered as a return of paid-in capital. Such a move reflects the company’s confidence in the strength of its assets and in meeting the standards required by the syndicated banks(RBLs).
The success of the Tyra II complex strengthens BlueNord’ s role in the North Sea energy ecosystem. With this breakthrough, the firm establishes its position among the major players in offshore gas production and strengthens its ability to generate financial returns in a global context of high energy demand.
Follow us on social networks and don’t miss any of our publications!
YouTube LinkedIn Facebook Instagram X (Twitter) TikTok
Source and photo: BlueNord
