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NO

Our business

Our business

Our business

Our business

Vår Energi is one of the  largest exploration and production companies in Norway. The average net production from the Norwegian Continental Shelf (NCS) is over 300,000 barrels of oil equivalent per day (boepd) from 35 oil and gas fields. Our target is to achieve net 350,000 boepd in the early 2020’s.

Growing portfolio

The company operates four fields on the NCS, located in the Barents Sea, the Norwegian Sea and the North Sea. In addition to the four operated fields, Vår Energi currently holds ownership interests in 31 partner-operated fields.

Long history

We have a best practice operating organisation with over 50 years’ experience on the NCS, built on ExxonMobil’s and Eni’s Norge’s legacies from the 1960’s.

With our strong NCS history and highly qualified organisation, we are well prepared to maintain safe operations and to deliver high growth expectations.

Full overview of Vår Energi’s complete portfolio.




Production

Vår Energi is one of the  largest exploration and production companies in Norway and operates four fields on the Norwegian continental shelf (NCS), located in the Barents Sea, the Norwegian Sea and the North Sea.

Vår Energi holds ownership interests in 31 partner-operated fields on the NCS.

Our main objective is maximizing value creation, and we will continue to work with our partners to increase oil recovery.


Development

Vår Energi’s net daily production is expected to reach over 350,000 barrels of oil equivalent by 2023.

In the next four year period, Vår Energi plan to invest about NOK 65 billion, developing more than 500 million barrels of oil equivalent (Mboe) in over ten existing projects.

 


Exploration

Our exploration activity forms the basis for future growth of business. Vår Energi is one of the  largest exploration and production companies in Norway and has reserves and resources of more than 1,900 million barrels of oil equivalent (Mboe) on the Norwegian continental shelf (NCS). 



Commercial and business development

We plan invest NOK 65 billion over the next four years on the Norwegian continental shelf (NCS). This will strengthen Vår Energi’s position as one of the largest E&P companies offshore Norway.

Supply terms

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

We are committed to cooperate closely with our contractors and suppliers. Our main priority is health and safety.