Kistos reported net production from the Balder area exceeded 11,000 boepd in September 2025, following the start-up of the Jotun FPSO and new wells. A final investment decision was made on Balder Phase VI, expected to deliver around 1.5 million boe net in 2026. The first phase of the Balder Next project was sanctioned to increase processing capacity and target an estimated 3.6 million boe net.
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