Reference is made to earlier communication by BlueNord related to the Tyra Completion Test. Based on demonstrated achieved production, and oil production above expectations, BlueNord is pleased to announce that the Tyra Completion Test has successfully been met under the RBL banks’ requirements.
Following 7 months of observed production, the Tyra Completion Test has been assessed using parameters that better reflects the underlying performance of the Tyra facilities, accounting for both oil- and gas production, as well as ramp-up period related to the facility availability.
With the Tyra Completion Test met, the Company expects to shortly declare the USD 253 million cash distribution, expected to be paid as a return of paid-in capital.
Source: BlueNord
