Lime Petroleum AS Reports October 2025 Production Update for Brage and Yme Fields

Key Highlights

• Combined Net Production: Lime Petroleum AS (LPA) reported a combined net production of 7,943 barrels of oil equivalent per day (boepd) for the Brage and Yme Fields in October 2025.
• Brage Field Ownership: LPA holds a 33.8434% interest in the Brage Field, operated by OKEA ASA.
• Yme Field Ownership: LPA holds a 25% interest in the Yme Field, operated by Repsol Norge AS.
• Yme Field Gas Utilisation: Only oil from Yme is sold; gas produced is used for operational needs and re-injected for enhanced oil recovery.

Operational Details and Shareholder-Relevant Information

• Field Downtime: Both fields experienced scheduled and unscheduled shut-ins during October. Notably, the Brage Field faced increased downtime compared to previous months due to:
  • Planned and unplanned shutdowns
  • Start-up issues
  • Temporary shut-in of a key producer while drilling a nearby well
• Ongoing Drilling Activities:
  • Drilling operations continue at Brage and Bestla (the latter to be tied back to Brage), which may impact future production rates and reserves.
• Potential Price Sensitivity:
  • Production volatility at the Brage Field—with more downtime than usual—could affect short-term revenue and, consequently, shareholder value.
  • Progress in drilling at Brage and Bestla could lead to increased output and reserves in the coming months, potentially supporting share price appreciation if successful.
  • Shareholders should monitor further updates on operational stability and drilling results, as these developments directly impact future production and profitability.

Investor Takeaways

• October 2025 saw a slight increase in operational volatility at the Brage Field, with more downtime than previous months.
• Drilling activities at both Brage and Bestla present upside potential but also operational risks that could influence production numbers and share price.
• Yme Field’s gas production is not monetised, which means oil sales remain the primary revenue source from this asset for LPA.
• Investors should remain vigilant for further updates, especially relating to production stability and the outcomes of ongoing drilling campaigns.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with a financial advisor before making investment decisions. Lime Petroleum AS’s operations are subject to risks including production volatility, regulatory changes, and commodity price fluctuations that could affect future performance.

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