In any scenario, oil and gas will be essential for world energy supply for decades. And only those who can produce with low prices and with as little emissions as possible will have competitive advantage.
Our strategy is simple. It is to ensure growth and value creation for all our stakeholders over time, to be a pure play Norwegian oil and gas company, to be a reliable and secure supplier of affordable energy to Europe, and it’s to be safe and responsible about how we conduct our business.
Nick Walker
CEO, Vår Energi
The story of Vår Energi
The company’s heritage is built on over 50 years of operations on the NCS, including the very first license issued on the NCS in 1965 (PL001). Vår Energi AS was established in 2018 through the merger of Eni Norge AS and Point Resources AS.
Eni Norge AS was founded in 1965, while Point Resources was created through the merger of the HitecVision portfolio companies in 2016, which then acquired the Norwegian operated business of ExxonMobil in 2017.
In 2019, Vår Energi further proved its ability to execute complex transactions, with the acquisition of substantially all of ExxonMobil’s partner-operated assets on the NCS Vår Energi’s strengths, competencies and best practices have been developed over time, combining the strength of two supermajors to harness ExxonMobil’s and Eni’s operational resources and technical expertise.
In February 2022, Vår Energi was listed on the Oslo Stock Exchange, at the time the third largest listing measured in market capitalisation on the day of listing.
In 2024 we completed the acquisition of Neptune Energy Norge AS with 100% of the shares in Neptune Energy Norge transferred to Vår Energi. The transaction added scale, diversification, and further longevity to Vår Energi’s portfolio.
As a result, we now have equity stakes in around 50 % of all producing assets on the NCS, we are the 3rd largest oil and gas producer and one of the largest exporter of gas to Europe from Norway.
High performing organisation
We aim to maintain, attract, and further develop a diverse and professional workforce.
Change and development is driven through a mindset of setting direction, engaging for action and empowering for solutions, focusing on totality and fostering effective cooperation.
We respect and value the exclusive contribution of each individual to our company, committing ourselves to create an inclusive work environment that respects every individual’s dignity and recognizes the power of differences.
