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Vår Energi / About us / More value faster

More value faster

Vår Energi has a tangible plan for growth and high value creation. Through stepping up the pace in project maturation and incrementally improving in everything we do, we are set up to maximise value in years to come.  

Our strategy is centered around four key hub areas, maximising utilisation of infrastructure and securing sustainable future growth.

We have a strong presence in all our four hubs in the Barents Sea, Norwegian Sea, North Sea and the Balder Area.

Unlocking future potential

We are proud of our strong explorations results. With a discovery rate of around 50 % over many years, we are recognised as one of the most successful explorers on the Norwegian Continental Shelf.

Exploration

Operations

Strategy

Investor

Sustaining high production towards 2030

In 2025 we delivered significant production growth driven by nine project start-ups, with the following main locomotives:

  • Balder X – producing (started 2Q 2025 )
  • Johan Castberg – producing (started 1Q 2025 )
  • Halten East – producing (started 1Q 2025)

Paired with this, we will deliver a significant portfolio of high value infill wells and sustain high production efficiency.

At the same time we will continue to reduce our production costs and sustain ~10 USD/boe long-term.

More value faster

We are incrementally improving in everything we do. We accelerate subsea developments and realise our flexible and resilient project portfolio, and our high-value infill wells. This will sustain our production at 350 to 400 thousand barrels of oil equivalents long term.

Also, we are progressing our large, flexible and resilient project portfolio of around 30 early phase subsea tieback projects. These are defined by low risk and short time to market. In 2025, we sanctioned 10 of these projects.

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