Vår Energi / About us / More value for longer

Delivering higher production and value for longer

Vår Energi delivered transformational growth in 2025, doubling production in just two years.

The company also delivered record high production, high reserve replacement, strong financial performance and significant value creation, while further de-risking the outlook through the completion and startup of nine projects, including Jotun FPSO at the Balder field and Johan Castberg.

Vår Energi has never been in a stronger position for long-term value creation.

Our key hubs on the Norwegian Continental Shelf

Operations

Strategy

Investor

The long-term production target is more than 400 thousand barrels of oil equivalents per day.

This is supported by a portfolio of 13 high margin projects in execution; a flexible pipeline of around 30 early phase projects being matured and a strengthened asset base with an increased reserves and resources position.

Driven by an entrepreneurial, performance-oriented organisation, Vår Energi continue to leverage incremental improvements across the business, including enhanced recovery through infill drilling and targeted exploration, while becoming ever more efficient with reduced costs.

This continues to provide resilience in a volatile business environment, strong cash flow generation, and long-term attractive shareholder returns in line with our stated dividend policy.

Our operations