Vår Energi ASA is preparing for future growth and today announces a new organizational structure and management team.

CEO Torger Rød says:
"Vår Energi has set a goal to become a net producer of 350,000 barrels of oil and gas per day by the end of 2025, focusing on safe, more efficient, and sustainable operations. We are now re-shaping the organization into what we believe is the right one to achieve our targets, where the new simplified structure and strengthened management team is a key enabler."

Preparing for the future

Two new business areas will be established to provide expertise, projects, and products across the company. Vår Energi is gathering professions to ensure people development, governance and to prioritize competence and capacity to realize the potential.

In the new structure, Technology, Drilling and Subsurface forms one new business area allowing the accelerated use of new technological solutions and digitalization of the company. Project Development and Supply Chain Management will be responsible for our project portfolio and for optimization and standardization of Vår Energi’s supply chain. 

As part of the reorganization Ingrid Sølvberg and Atle Reinseth will be joining the management team, responsible for Technology, Drilling and Subsurface and Project Development and Supply Chain Management, respectively.

Ingrid Sølvberg arrives from the role as Director general in the Norwegian Petroleum Directorate (NPD). Prior to this, she has held significant leadership positions in NPD, Centrica and Statoil, now Equinor.

Atle Reinseth comes from Equinor and the position as VP Shaping, Improvement and Analyses in project development. His experience includes key leadership roles in both procurement and project development in Equinor and Acergy, now part of Subsea7.

"We very much look forward to welcoming Sølvberg and Reinseth. Their vast experience and competence will further strengthen our organizational capabilities," says Rød.

Implementation in Q4

The current organizational structure and management team will remain in place until the new structure is implemented, which is planned completed within the fourth quarter this year.

"It’s all about people, competence and preparing for the future. The changes we have now announced will enable our organization to work more easily and efficiently, and thereby increase our overall productivity. Vår Energi, with 950 highly competent employees, is a right-sized organization. By improving how we work together we create an even stronger company that can seize new opportunities," Rød says.

The organizational changes reflect a process which includes valuable input from Vår Energi’s employees and in consultation with the company’s labor unions and work force representatives. The changes are designed around the company’s strengths, including a highly competent and experienced workforce, a diversified Norwegian Continental Shelf (NCS) portfolio and the company’s growth potential.

"We are committed to delivering a better future. Vår Energi will continue to grow and invest on the NCS, securing a stable supply of energy. Our goal is to be the safest operator, a partner of choice and an ESG leader on the NCS, aiming for zero injuries and net zero emissions from our operations by 2030," Rød points out.

Vår Energi’s management team from Q4 2022:

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