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Vår Energi operations

offshore worker on Gjøa

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 Vår Energi’s 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 Vår Energi’s 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

40

producing fields

280 000

barrels per day in 2024

~200

licences

Sustaining higher production

Dronebilde av Goliat.
The Barents Sea hub
Expanding core area
The Norwegian Sea hub
Unlocking large potential
The Balder hub
Doubling production
Platform
The North Sea hub
Growing resource base

Stepping up the pace

Towards 2030, we plan to organically sustain production of 350 to 400 kboepd by capturing the value upside in our high-quality assets with a net resource potential of over 3 billion barrels.

To deliver, we are stepping up the pace and activity level, moving more than 25 early-phase projects forward faster, with a target to sanction up to eight projects in 2025.

More value faster
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.

Drilling tower seen from below Photo

Technology – catalyst for growth

Digital transformation is about facilitating new and better ways of working through employees, processes and technology.

Read more
From left: Aker Solutions EVP for Life Cycle Paal Eikeseth, StS-ISONOR CEO Ingrid Solheim, Vår Energi COO Torger Rød and CEO in Honeywell, Geir Myhre.

A preferred partner

Vår Energi aim to be the natural first choice for our partners in all our activities.

Vår Energi’s suppliers and business partners play a key role in carrying out safe operations and delivering high-quality products and services.

We work closely with our suppliers and utilize strategic partnerships with key suppliers.


Crude oil assays

For each crude oil type, there is a commercial assay based on a representative sample of the crude. Crude oil lifted at the Balder field is a mix of Ringhorne, Ringhorne East & Balder. There are two Balder Crude oil analysis done in 2021.