BlueNord ASA
43.10
EUR
-4.85
(-10.11%)
ISIN
NO0010379266
Return %
Stock
S&P 500
1Y
2.62
14.20
3Y
20.06
81.12
5Y
223.57
68.34
Capital Structure
USD
•
in mil. unless spec.Working Capital
USD
•
in mil. unless spec.Growth Rates
USD
•
in mil. unless spec.Quarterly Revenue
USD
•
in mil. unless spec.Quarterly Earnings Per Share
USD
•
in mil. unless spec.Quarterly Dividends Per Share
USD
•
in mil. unless spec.Company Description
- CEO
- Euan Campbell Shirlaw
- Full Time Employees
- 50
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- Nedre Vollgate 1 Oslo PS Norway 0158
- IPO Date
- Nov 2, 2007
- Website
- bluenord.com
- Similar Companies
- Business
- BlueNord ASA is an independent oil and gas exploration and production company focused on the North Sea, operating primarily through a 36.8% non-operated interest in the Danish Underground Consortium (DUC); the DUC encompasses four hubs—Dan, Halfdan, Gorm, and Tyra—containing 15 fields, four export pipelines, and supporting infrastructure for oil and gas production, processing, and transportation on the Danish Continental Shelf. The company produces crude oil and natural gas from the Dan, Halfdan, and Gorm hubs, with the Tyra hub now online following its redevelopment, delivering average net production of 37.8 thousand barrels of oil equivalent per day (mboepd) in Q2 2025, comprising 22.8 mboepd oil and 15.0 mboepd gas; it also generates tariff income from third-party gas processing and maintains a significant reserves base of net 2P reserves and near-term contingent resources of 220 million barrels of oil equivalent (mmboe), plus longer-term 2C resources exceeding 200 mmboe. BlueNord conducts emissions reduction initiatives on its producing assets, including gas lift projects at Halfdan and lifetime extensions at Gorm, while advancing carbon capture and storage (CCS) through its wholly-owned subsidiary CarbonCuts, which secured a license in June 2024 for onshore CO2 storage at the Rødby Structure on Lolland and applied for a nearshore license in March 2025. Founded in 2005 and headquartered in Oslo, Norway, the company, formerly Norwegian Energy Company ASA (rebranded in April 2023), maintains subsidiaries in Denmark, the Netherlands, and the United Kingdom to support operations across these regions. Recent developments include the Tyra Completion Test achievement in June 2025, enabling ramp-up to a plateau of approximately 30 mboepd net; a USD 1.4 billion reserve-based lending (RBL) facility refinancing in 2024, recognized as European Oil & Gas Refinance of the Year; issuance of a USD 300 million subordinated callable hybrid bond in June 2025 to redeem the BNOR15 convertible bond and avert equity dilution; acquisition of CarbonCuts in January 2024; declaration of its first cash distribution with USD 203 million paid in July 2025 and a proposed USD 49 million for Q2 2025; a share buyback program up to USD 50 million; updated 2025 production guidance reflecting rig releases for cost savings, with Q3 base assets at 21-23 mboepd and Tyra at 22-26 mboepd; and board appointments of Elisabeth Proust and Jann Brown in May 2025.