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Vår Energi / About us

We are Vår Energi

Vår Energi is a leading independent upstream oil and gas company built on

With equity stakes in more than 50 % of the producing assets on the NCS, we are the 3rd largest oil and gas producer and the 2nd largest exporter of gas to Europe from Norway.

We are 1 400  employees located offshore on our operated assets and at our offices in Hammerfest, Florø, Oslo and Forus outside Stavanger city.

We are a company recognised by:

Growth and value creation

Operations

Executive Committee

The Board of Directors

Strategy

Sponsorship and support

Sustainability
quote_left_fill The energy reality of today’s world is complex. Our strategy to meet the challenges is simple. We are a pure play Norwegian oil and gas company. We will be a reliable and secure provider of energy to Europe. And we will do it in a safe and responsible way. This will ensure growth and value creation for all stakeholders. Long into the future.

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 on Oslo Børs 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 adds scale, diversification, and further longevity to Vår Energi’s portfolio.  

As a result, Vår Energi is now the third largest independent E&P company on the Norwegian Continental Shelf  and the second largest supplier of gas from Norway to Europe.

Values

Our values define who we are. They aim to support our common direction and reflect desired behavior in our company. The values are at the core of our identity and beliefs.

employee working on a computer

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PROACTIVE

We challenge the status quo, take initiative and address issues before they escalate. We chase opportunities, manage risk and have clear priorities.

 

ENTREPRENEURIAL

We are bold, creative and new thinking. We empower our people, giving them all the freedom and the challenge to come up with new ideas.

 

RESPONSIBLE

We deliver on our promises and carry out duties with integrity – with respect and in a safe and sustainable manner.

 

COLLABORATIVE

We are one team, recognizing one another’s strengths – embracing diversity. Our goal is to be a partner of choice.