We are building a diverse and balanced portfolio of prospects across the Norwegian continental shelf (NCS) – including new opportunities in less explored areas.
Vår Energi has interests in over 100 licenses, and holds reserves and resources of more than 1,900 million barrels of oil equivalent (Mboe) on the NCS.
Our exploration strategy is focused on identifying additional in and near-field drilling prospects in our established assets and core areas of the Barents Sea, Norwegian Sea and North Sea.
We have high ambitions to add more valuable acreage and material resources to our existing portfolio through organic growth.
Active and forward-looking
We have acquired a new time-lapse (4D) seismic survey over the Balder and Ringhorne fields and developed a Multiple-Azimuth (MAZ) seismic data set in order to better image several identified exploration and infill drilling targets.
We operate an active exploration program in the Barents Sea, aimed at increasing the resource base for our operated Goliat field.
Since 2016 there have been ongoing evaluations to mature additional volumes in the Marulk Lange Formation target. A possible Lange Formation will be developed by one well drilled and produced from the existing Marulk field infrastructure in the Norwegian Sea.
Volumes from the Lange Formation will extend production of the Marulk field from 2021 to 2024.
Research and development
Tailored research and development (R&D) projects are conducted with Norwegian and international academic and research institutes in order to maintain the front-runner exploration technical expertise on NCS.
Vår Energi continues to mature exploration targets in annual Awards in Predefined Areas (APA) and is building a strong technical foundation for future Concession Rounds.