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Q3 2024 results

Vår Energi released its third quarter results on the 22 October 2024.

Webcast (recording)

Capital Markets Update 2025

Vår Energi will host a Capital Markets Update on the 11 February 2025.

Financial calendar

Investor presentation


Investment proposition

Growth

  • Production target end-2025: ~400 thousand boe per day.
  • Sustaining production towards 2030: 350-400 thousand boe per day
Growth and value creation

Value

  • High-value projects: USD ~35/boe breakeven.
  • Emission reduction of >50% by 2030*.
Safe and responsible

Returns

  • USD 4.5-8 billion free cash flow potential 2024-28**
  • Dividend guidance: 20-30% of CFFO (after tax).
Investor presentation

* Scope 1, equity share compared to 2005 baseline.
** Scenario brent 70 USD/boe and 90 USD/boeExcluding net risked exploration resources and net Neptune consideration of USD 1.2 billion.


Latest Stock Exchange Announcements

17 January 2025

Vår Energi teams up with NTNU

Read more

14 January 2025

Vår Energi ASA: Mandatory notification of trade by primary insiders in connection with allocation of bonus shares

Read more

14 January 2025

Vår Energi awarded 16 NCS licences

Read more

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Ringhorne platform on location in the North Sea

Contact

For general questions – please contact ir@varenergi.no.

VP Investor Relations
Ida Marie Fjellheim

+47 905 09 291
ida.fjellheim@varenergi.no

Senior Investor Relations Analyst
Stian Seipæjærvi

+47 909 54 060
stian.salmi.seipaejaervi@varenergi.no

Vår Energi comply with the Oslo Stock Exchange Code of Practice for Investor Relations dated 1 March 2021