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Vår Energi

Contacts

HQ Stavanger region
Vestre Svanholmen 12
4313 Sandnes
Norway

Grenseveien 6
4313 Sandnes
Norway

Tel: +47 51 60 60 60

Vår Energi
PO BOX 101 Forus
4064 Stavanger
Norway

Tel: +47 51 60 60 60

Description

Vår Energi AS is a new leading, independent E&P company on the NCS. The company is the result of the merger of Point Resources AS and Eni Norge AS that was announced in July 2018. Vår Energi is jointly owned by Italy based energy company Eni (69.6 percent) and Norway based specialist oil and gas private equity investor HitecVision (30.4 percent). Vår Energi is the first E&P independent subsidiary of Eni, where the CEO reports to an independent Board of Directors.

Vår Energi has ownership interests in more than 100 licenses and operates oil and gas production across the entire Norwegian shelf; the Goliat field in the Barents Sea, the Marulk field in the Norwegian Sea, and the Balder, Jotun and Ringhorne fields in the North Sea. The company has a best practice operating organisation of 800 employees with over 50 years’ NCS experience, built on the previous companies’ legacies offshore Norway from the 1960s.

In 2019, Vår Energi, the joint venture between Eni and HitecVision finalized the acquisition of ExxonMobil’s upstream assets in Norway, with annual production of 150 kboe/d, for a total consideration of $4.5 billion fully financed by the JV. This strategic deal will make Eni and Vår Energi the second biggest upstream player in Norway and boost the production target to over 350 kboe/d by 2023 thanks to the development of the JV portfolio of projects. 

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Related news

Vår Energi Announces New Norwegian North Sea Oil Discovery
17/04/2024
Dry wells in the Norwegian North Sea
14/02/2024
Vår Energi Reports Strong 4Q and Full Year 2023 Results
13/02/2024
Vår Energi completes acquisition of Neptune Norway
01/02/2024
Vår Energi Completes Dry Wells in the Balder Area
22/01/2024
Vår Energi awarded 16 new NCS licenses
16/01/2024
Vår Energi reports third quarter 2023 results
24/10/2023
Vår Energi announces project portfolio and operational update
19/09/2023
Vår Energi welcomes Nick Walker as new CEO
05/09/2023
Vår Energi ramps up exploration activity in the Barents Sea
31/08/2023
Vår Energi strengthens its executive management team
25/08/2023
Vår Energi reports second quarter 2023 results
25/07/2023
Vår Energi exploring CCS opportunities
11/07/2023
Vår Energi to acquire Neptune Energy’s Norwegian oil and gas assets
23/06/2023
Vår Energi exploring opportunities for floating offshore wind at Goliat
26/04/2023
Vår Energi reports first quarter 2023 results
24/04/2023
Vår Energi Confirms oil discovery near Goliat in the Barents Sea
02/03/2023
Vår Energi reports 4Q 2022 Results
16/02/2023
Vår announces temporary reduced production at Ringhorne and Balder Fields
10/02/2023
Vår Energi reports new oil discovery in the Barents Sea
10/02/2023
Vår Energi withdraws from Barents Blue
01/02/2023
Vår Energi Provides 4Q and full year 2022 production update
24/01/2023
Vår Energi awarded 12 new NCS licenses
10/01/2023
Ingrid Sølvberg joins Vår Energi as EVP for Technology, Drilling & Subsurface
23/12/2022
Vår Energi announces contract award to Floatel International
30/11/2022
Vår Energi accelerating efforts to reduce methane emissions
31/08/2022
Vår Energi increases acreage positions in the south
15/08/2022
Vår Energi reports second quarter 2022 results
26/07/2022
Approved secured for Frosk development plan in the Alvheim area
12/07/2022
Vår announces new organisational structure and management team
21/06/2022
Vår announces oil and gas discovery in the Barents Sea
09/06/2022
Vår Energi awarded carbon storage license in the Barents Sea
05/04/2022
Vår Energi building strategic cooperation between suppliers
26/01/2022
Vår Energi awarded 10 new NCS licenses
18/01/2022
Vår Energi celebrates production of 100 million barrels from Goliat oil field
03/01/2022
Vår Energi seeks to reduce seismic environmental footprint
16/12/2021

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