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Vår Energi has completes divestment in six licenses across the Balder and Ringhorne fields

01/08/2019

Vår Energi AS has finalised the divestment of 10 percent ownership interests in six Vår Energi-operated licenses across the Balder and Ringhorne fields in the North Sea to Mime Petroleum AS.

“We are pleased with having Mime Petroleum as a new partner; investing in our ambitious joint plans to continue the economic development of the fields, and we look forward to progressing the revitalization of the Balder and Ringhorne area together”, says Kristin F. Kragseth, CEO in Vår Energi.

The agreement provides Mime Petroleum with 10 percent ownership interests in the Balder and Ringhorne fields, and 7.4 percent ownership interests in the Ringhorne East field.

Link to Mime Petroleum Norway country profile   l   Link to Vår Energi Norway country profile

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