Brage Field Production Update – February 2026

Lime Petroleum AS Announces Monthly Production Figures

Lime Petroleum AS (LPA) has released its production update for February 2026, providing valuable information for shareholders and investors regarding its operations at the Brage Field.

Key Points from the Report

• Brage Field Production: For the full month of February 2026, LPA’s net production at the Brage Field was 9,510 barrels of oil equivalent per day (boepd). This figure represents daily production attributable to Lime Petroleum’s ownership stake.
• Ownership Details: LPA holds a 33.8434% interest in the Brage Field, which is operated by OKEA ASA.
• Operational Activity: The report notes that there were both scheduled and unscheduled shut-ins at the Brage Field during February. These events were described as occurring in the ordinary course of operations, suggesting no major disruptions or unexpected incidents.
• Yme Field Update: LPA also owns a 25% interest in the Yme Field, operated by Repsol Norge AS. However, at the time of reporting, production numbers for February 2026 for the Yme Field were not available.

Important Information for Shareholders

• Production Stability: The reported production figure for Brage Field is crucial for investors as it reflects the company’s ongoing ability to deliver oil and gas volumes. While the presence of scheduled and unscheduled shut-ins may cause concern, the report clarifies these were routine and not indicative of operational issues.
• Transparency and Disclosure: The lack of available production data for the Yme Field could be considered a minor risk factor for shareholders seeking full visibility into LPA’s production portfolio. Investors should monitor subsequent updates for Yme Field performance, as this could impact future revenue projections.
• Potential Price Sensitivity: Any significant changes in production rates, especially if they deviate from expected norms, can affect the company’s earnings and, consequently, share price. The February production number appears stable, but ongoing shut-ins—routine or otherwise—should be watched closely for any future impact.
• Operational Partnerships: The involvement of OKEA ASA as operator of Brage Field and Repsol Norge AS for Yme Field provides an additional layer of operational stability, but also means LPA’s production is partly dependent on decisions made by these operators.

Additional Details

• Corporate Profile: Lime Petroleum AS is registered in Norway (Enterprise no.: NO 998 726 441 MVA) and operates from Drammensveien 145 A, Oslo. Contact details and further information are available at www.limepetroleum.com.
• Press Release Date: The update was officially released in Oslo on 12 March 2026.

Investor Considerations

For investors, the February production update provides reassurance of operational continuity and stable output from the Brage Field. However, shareholders should remain attentive to future updates regarding both Brage and Yme Fields, as production volatility or new disclosures may impact Lime Petroleum’s financial performance and share price. Unscheduled shut-ins, while described as routine, are worth monitoring for any patterns or extended downtime.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult professional advisors before making any investment decisions. The reported figures are based on the company’s press release and may be subject to change. Past performance is not indicative of future results.

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