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8 July 2024

Vår Energi welcomes start-up of production from Kristin South

Sandnes, Norway 8 July 2024: Vår Energi ASA (OSE: VAR) today welcomes Equinor's announcement (https://www.equinor.com/news/20240708-starts-production-from-kristin-south) of the start-up from the first Lavrans well in the Kristin South project in the Norwegian Sea.  

 

The expected reserves in phase one of the Kristin South project are estimated at 58 million barrels of oil equivalent gross, according to the operator.

 

For Vår Energi, the Kristin South project will provide net production of approximately 4 thousand barrels of oil equivalent per day at peak. Four more wells are planned for the next two years as part of the Kristin South project's first phase.

 

Vår Energi’s COO, Torger Rød said: “We congratulate Equinor for their safe and successful production start-up from the first Lavrans well in the Kristin South project. This is a great example of how challenging discoveries can be developed to create profitable, low emission production in line with our target to deliver around 400 thousand barrels of oil equivalent per day by end 2025.”

Partners (Haltenbanken Vest Unit): Equinor Energy AS (54,82%, operator), Petoro AS (22,52%), Vår Energi ASA (16,66%) and TotalEnergies EP Norge AS (6%).

 

Vår Energi ønsker oppstarten fra Kristin Sør velkommen 

Sandnes, Norge 8 juli 2024: Vår Energi ASA (“Vår Energi”) gleder seg i dag over Equinors kunngjøring (www.equinor.com/no/nyheter/20240708-starter-produksjon-fra-kristin-sor) om oppstart av den første Lavrans-brønnen i Kristin Sør-prosjektet i Norskehavet. 

De forventede reservene i første fase av Kristin Sør-prosjektet er beregnet til 58 millioner fat oljeekvivalenter brutto, ifølge operatøren.

Kristin Sør-prosjektet vil for Vår Energi gi en nettoproduksjon på rundt 4000 fat oljeekvivalenter per dag på platå. Ytterligere fire brønner er planlagt de neste to årene som del av første fase av Kristin Sør-prosjektet.

«Vi gratulerer Equinor med en sikker og vellykket produksjonsoppstart fra den første Lavrans-brønnen i Kristin Sør-prosjektet. Dette er et godt eksempel på hvordan utfordrende funn kan bygges ut for å skape lønnsom produksjon med lave karbonutslipp. Oppstarten er i tråd med vårt mål om å levere rundt 400 tusen fat oljeekvivalenter per dag innen utgangen av 2025,» sier Vår Energis COO, Torger Rød.

Partnere (Haltenbanken Vest Unit): Equinor Energy AS (54,82%, operatør), Petoro AS (22,52%), Vår Energi ASA (16,66%) og TotalEnergies EP Norge AS (6%). 

Contact  

 

Media relations  

Liv Jannie Omdal, VP Communications  

+47 97667137  

Liv.omdal@varenergi.no 

 

Investor relations

Stian Seipæjærvi, Sr. Investor Relations Analyst

+4790954060

stian.salmi.seipaejaervi@varenergi.no

About Vår Energi 

Vår Energi is a leading independent upstream oil and gas company on the Norwegian continental shelf (NCS). We are committed to deliver a better future through responsible value driven growth based on over 50 years of NCS operations, a robust and diversified asset portfolio with ongoing development projects, and a strong exploration track record. Our ambition is to be the safest operator on the NCS, the partner of choice, an ESG leader with a tangible plan to reduce emissions from our operations by 50% within 2030. Vår Energi has around 1400 employees and equity stakes in 47 fields. We have our headquarters outside Stavanger, Norway, with offices in Oslo, Hammerfest and Florø. To learn more, please visit varenergi.no.