The North Sea accounted for 35% of the company’s production in 2023 and 228.1 mmboe in 2P reserves as of 31 December 2023.

The hub is a combination of mature area with high activity and lifetime extension at key fields and prosperous future tie-ins.

After the acquisition of Neptune Energy Norge AS, completed 31 January 2024, Vår Energi became  operator of the Gjøa and Duva fields in the North Sea.

The Gjøa area consists of fully electrified assets with lower emissions from production than average on the NCS.

Vår Energi also acquired a 25% working interest in the Gudrun field, with shared infrastructure and joint electrification with Sleipner.

The Hywind Tampen floating wind farm, which was opened in August 2023, provides power to Snorre and Gullfaks.