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Vår Energi / Operations

Vår Energi operations on the Norwegian Continental Shelf

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

Our robust 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

42

fields

281 000

barrels per day (Jan-Sept. 2024)

~200

licences

Sustainability

Strategy

Contractors & Suppliers
always safe annual wheel for activities

Safety is a top priority

Our ambition is to be the safest operator on the NCS, with the aim of reducing injury totals to near-zero levels.

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.

Driving production growth

Vår Energi’s development pipeline and exploration track record has positioned the company for growth in the coming years.

The production target by the end of 2025 is supported by eight sanctioned development projects, well into execution with committed investments. In addition, there is a number of opportunities within existing production base to add reserves and extend field life.

Vår Energi ensures efficiency in growth plans and capital expenditures by taking a disciplined approach to field development, with the ambition to achieve project break-evens of around USD 35 per barrel.

The company’s exploration strategy is focused on identifying additional near-field drilling prospects at established assets and core hubs.

 

Growth and value creation
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.

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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.

 

Contractors and 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.