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About us

About us

About us

Vår Energi is the largest, independent exploration and production (E&P) company on the Norwegian continental shelf (NCS) with an average production of more than 169,000 barrels of oil equivalent per day (boepd) in 2018, targeting 250,000 boepd in the early 2020’s.

We operate oil and gas production across the entire shelf, with fields in the Barents Sea, the Norwegian Sea and the North Sea. The company is committed to further explore, develop and produce resources and reserves from our high-quality portfolio of licenses. Our 800 employees work at our offshore fields and onshore office locations; headquarters at Forus in the Stavanger region, and branch offices in Hammerfest and Oslo.

A business plan for the company is jointly developed and sanctioned by the shareholders; the integrated energy company Eni (69.6 percent) and Norway based leading private equity investor HitecVision (30.4 percent).

Vår Energi represents a new generation of operators on the NCS. The company has the capacity and competency to deliver ambitious growth plans, while also providing a safe and sustainable working environment, aiming to take industry leadership in continuously improving our carbon footprint and introducing low carbon technologies.

Our story

The company name, Vår Energi, reflects the Norwegian word spring – symbolising a new beginning and growth. It also implies that the company’s employees and business partners work together as one team to produce “our” resources.

Our shareholders

Vår Energi is jointly owned by Italy based energy company Eni (69.6 percent) and Norway based leading private equity investor HitecVision (30.4 percent). Eni is one of the global oil and gas super-players. HitecVision is Europe’s leading private equity investor.

Code of ethics & whistleblowing

Compliance with laws and regulations, internal rules, and ethical integrity and fairness, is a constant commitment and duty of all of Vår Energi’s people, and shall characterize the conduct of our organization. Vår Energi’s business and corporate activities shall be carried out in a transparent, honest and fair way. The company has established a whistleblowing service, in case of any breaches or suspected breaches.

Control & improvement

Vår Energi has established Management System Guidelines (MSG) to care for our personnel and to execute our activities in line with applicable laws and regulations. Internal audit plays a vital role in Vår Energi’s business activities, and the function is represented in our corporate management group.

Board of directors

Vår Energi’s board of directors is represented by shareholders from Italy based energy company Eni S.p.A. (69.6 percent), Norway based leading private equity investor HitecVision (30.4 percent) and employee representatives. The company’s board of directors are elected by the highest level of corporate governance in Vår Energi.

Management group

The management group in Vår Energi consists of twelve corporate executives, where Kristin F. Kragseth holds the company’s highest level as chief executive officer, reporting to the company’s board of directors. The management group has a wide variety of skills and competencies from longstanding careers within the oil and gas industry.


We consider our around 800 employees, working at the headquarters in the Stavanger Region, branch offices in Hammerfest and Oslo, and at our offshore fields on the Norwegian continental shelf (NCS), to be Vår Energi’s greatest asset.

Vår Energi seeks to maintain, attract and further develop a diverse workforce of professional individuals in a collaborative and transparent work environment.