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Vår Energi operations

Vår Energi works continuously to extend the production of oil and gas on the Norwegian continental shelf.

Our flexible and resilient portfolio extends over the entire Norwegian continental shelf, and has significant production and exploration potential.

Vår Energi’s hub strategy is designed to ensure long-term growth and value creation.

As part of the hub strategy, the company identifies strategic focus areas that provide a framework for evaluating exploration and development opportunities, maximising the use of resources and optimising value creation throughout the portfolio.

Vår Energi is the operator of the following producing fields: Goliat (Barents Sea), Fenja (Norwegian Sea), Gjøa, Duva, Balder and Ringhorne (North Sea).

Licence map

6

operatorships

42

producing fields

332 000

barrels per day in 2025

~200

licences
always safe annual wheel for activities

Safety is a top priority

Our ambition is to be the safest operator on the Norwegian Continental Shelf.

Vår Energi collaborates with Equinor, ConocoPhillips and Aker BP on the Always Safe annual wheel.

The purpose of Always Safe is to strengthen the industry’s safety behaviour and culture. Through this joint effort we utilise the strengths of standardisation, increasing the impact in the industry with partners, suppliers and contractors.

More value for longer

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.

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

Our strategy