Bluenord Asa · OSL:BNOR
Bluenord Asa — Pareto E&P Conference London 2024
12 slides from Bluenord Asa's conference presentation, Jan 25, 2024
Slide 1: Focused on Delivery
We S BlueNord2/> Focused on Delivery Pareto E&P Conference—London 2024 25 January 2024
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION (THE “INFORMATION MATERIAL") HAS BEEN PRODUCED AND DELIVERED BY NORWEGIAN ENERGY COMPANY ASA (THE “COMPANY’). THIS INFORMATION MATERIAL DOES NOT CONSTITUTE AN OFFER, INVITATION OR SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE OR SELL ANY SHARES IN THE COMPANY. THE COMPANY D
Slide 3: Strategically Important Assets
Strategically Important Assets We hold a36.8% non- operated working interest inthe DUC, whichis a key contributor to EU energy security with direct export routes to Europe DUC Ownership @TotalEnergies @BlueNord @Nordsefonden Net 2P and Near-Term 2C” (mmboe) ™2P Reserves: @2C Resources (Near-Term) 22
Slide 4: Clear Strategic Priorities
Clear Strategic Priorities We continue to deliver significant progress against our strategic priorities and this will remain the case in 2024 and beyond Delivering Operationally Delivering Tyrall Delivering Our Potential Strong 2023 Production in upper end of annual guidance Active Management with a
Slide 5: Disciplined Approach
Disciplined Approach Prioritise capital returns, with measured organic investment that supports capacity for long-term returns Focus on maximising cash generated by the BlueNord portfolio, and then allocating according to our disciplined framework V, Me Capital returns to shareholders prioritised Lo
Slide 6: Excellent 2023 production at upper end of annual guidance
Excellent 2023 production at upper end of annual guidance Operational WROM and restimulation activites have continued to support production levels Perform ance Planned shut-down activity successfully completed (e.g. elimination of routine flaring) Net production of WROM and restimulation activity to
Slide 7: Active Drilling: Seven infill well programme underway
Active Drilling Seven infill well programme underway Operations in the Operator optimising Shelf Drilling Winner well sequence on a continuous basis DUC with Two Rigs Working in Parallel First well on Halfdan Tor NE spudded Jun-23 First production expected in Q12024 with initial net rate of 8mboe/d
Slide 8: Tyra Overview
Tyra Overview a lyatributable iting costs for BlueNord sproduction| > Strategically important gas field in the Danish North Sea = Alleight offshore modules installed, HUC underway and first production derisked = Once onstream, redeveloped Tyra will produce to 2042 (concession expiry) BlueNord post-T
Slide 9: Final Stages of Tyra Start-up
Final Stages of Tyra Start-up of Tyra and doubling of net production in sight Redevelopment Significant work scope on the completion of the Tyrall facilities has been executed Project First gas in March 2024 followed by four-month ramp- Significant work scope on up to maximum technical capacity comp
Slide 10: Long-Term Plan Production Forecast: 2023 Long-Term Plan
Long-Term Plan Production Forecast: 2023 Long-Term Plan Plateau Prod uction Includes 2P reserves and Near-Term 2C resources" (currently unsanctioned) 60 Imboera) [orc r nnn cnr ne cnn nn nnn nnn nen nner nnn nsec cree cnc eens ccna Long-term potential exists to mag *55mboe/din 2025 pall mitigate dec
Slide 11: Closing Reflections
Closing Reflections Portfolio of attractive short, medium and long-term opportunities Positioning BlueNord to become aleading producer of natural gas to Denmark and Europe \e > <. ee Delivering Operationally Delivering Tyrall Delivering Our Potential Strong 2023 Production in upper end of annual gui
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