BlueNord ASA 2020 AR2
The report highlights Norwegian Energy Company ASA's (Noreco) operational and financial performance for the fiscal year 2020, marking its first full year of ownership in the Danish Underground Consortium (DUC). Noreco achieved a net production of 28.5 mboepd and progressed significantly on the Tyra Redevelopment project, completing its offshore decommissioning campaign with over 95 percent of the installations recycled. Financially, the company remained profitable with an adjusted EBITDA of USD 358 million, supported by robust hedging arrangements and a Liquids Protection Agreement. On sustainability, Noreco established an ESG Committee, introduced sustainability-linked KPIs in its reserve-based lending facility, and committed to reducing DUC emissions by 400-500 kton by 2030.
Company: BlueNord ASA
Sector: Mining & quarrying
Country: Norway
Year: 2020
Type: AR2
Pages: 140
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BlueNord ASA
Annual Report
The report highlights Norwegian Energy Company ASA's (Noreco) operational and financial performance for the fiscal year 2020, marking its first full year of ownership in the Danish Underground Consortium (DUC). Noreco achieved a net production of 28.5 mboepd and progressed significantly on the Tyra Redevelopment project, completing its offshore decommissioning campaign with over 95 percent of the installations recycled. Financially, the company remained profitable with an adjusted EBITDA of USD 358 million, supported by robust hedging arrangements and a Liquids Protection Agreement. On sustainability, Noreco established an ESG Committee, introduced sustainability-linked KPIs in its reserve-based lending facility, and committed to reducing DUC emissions by 400-500 kton by 2030.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Women on Board
Workplace Fatalities
Employees