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Vår Energi AS

About

Vår Energi is the largest independent exploration and production company on the Norwegian continental shelf. Vår Energi operates oil and gas production across the entire shelf, with fields in the Barents Sea, the Norwegian Sea and the North Sea. The company is committed to further explore, develop and produce resources and reserves from its high-quality portfolio of licenses. The company’s 800 employees work at the offshore fields and onshore office locations; headquarters at Forus in the Stavanger region, and branch offices in Hammerfest and Oslo.

Vår Energi is owned by the integrated energy company Eni (69.6%) and the Norway based leading private equity investor HitecVision (30.4%).

Editor's note: Updated Sept. 26, 2019.

Headquarters Address

Norway

Transactions

Report Date Amount (MM) Description
2019-12-10 $4,500.00

Exxon Mobil To Sell Norway Upstream Operations To Vår Energi For $4.5 Billion

Exxon Mobil To Sell Norway Upstream Operations To Vår Energi For $4.5 Billion

Report Date Amount (MM) Description
2018-12-10 --

Eni Ups Norwegian Offshore Bet With Point Resources Merger

Eni Ups Norwegian Offshore Bet With Point Resources Merger

Report Date Amount (MM) Description
2018-12-10 --

Eni Ups Norwegian Offshore Bet With Point Resources Merger

Eni Ups Norwegian Offshore Bet With Point Resources Merger

2100-10-01 $000.00

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2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

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News

E&P Highlights: Feb. 12, 2024

Here’s a roundup of the latest E&P headlines, including more hydrocarbons found offshore Namibia near the Venus discovery and a host of new contract awards.

Eni, Vår Energi Wrap Up Acquisition of Neptune Energy Assets

Neptune retains its German operations, Vår takes over the Norwegian portfolio and Eni scoops up the rest of the assets under the $4.9 billion deal.

Three Norwegian Oil, Gas Field Permits Invalidated on Environmental Grounds

Output at Breidablikk can continue until the end of 2024, but the developments of the two other offshore fields must be halted, in a win for environmentalist groups.

Ministry Offers 62 Licenses Offshore Norway in APA 2023

Sixteen of the new awards from the Norwegian Offshore Directorate add acreage to existing production licenses.

E&P Highlights: Jan. 8, 2024

Here’s a roundup of the latest E&P headlines including the second biggest deepwater gas find of 2023 and new contract awards.

E&P Highlights: Oct. 30, 2023

Here’s a roundup of the latest E&P headlines, including the gas export concept solution for Goliat and subsea equipment delivered for Shenzi North.

Breidablikk Operations Ahead of Schedule

The oil from Breidablikk is processed on the Grane and will account for approximately 15% of exports from Sture in the years ahead.

E&P Highlights: Oct. 16, 2023

Here’s a roundup of the latest E&P headlines including SBM Offshore winning the FEED contract for Exxon Mobil’s Whiptail FPSO and a collaboration agreement by AWS, Shell and SLB.

E&P Highlights: Oct. 9, 2023

Here’s a roundup of the latest E&P headlines, including go-ahead for production at Tommeliten A and decommissioning at Dunlin Alpha, along with new contract awards.

Vår Energi Awards Baker Hughes 2 Major Contracts

The two contracts with Vår Energi significantly reinforces Baker Hughes’ industry leadership and growth trajectory.

DNO, OMV Find Gas Offshore Norway

Norma, Velocette wells to be further evaluated by the DNO and OMV.

Equinor, Vår Energi Report Rising Costs for Norwegian Projects

Costs are up for the Johan Castberg and Balder X projects, partially due to supply chain challenges and work scope changes.

DNO Finds Success with Norma Prospect

The North Sea discovery could open a deep turbiditic sands play, DNO says.

Equinor Brings Statfjord Øst Expansion Online

The subsea tieback project to the Statfjord C platform in the North Sea expected to increase production in the mature field by 26 MMboe.

Equinor Eyes Tie-back for New Crino/Mulder Discovery

Equinor's latest find is close to existing infrastructure in the Norwegian sector of the North Sea.