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A 50-year success story continues and our priorities are clear:

  • Be the safest operator with leading ESG performance
  • Cultivate a robust portfolio positioned for further growth
  • Be the partner of choice in everything we do
  • Drive operational excellence across our portfolio
  • Foster a high-performing organisation

Our main objective is maximizing value creation through our hub-centered strategy, efficient production and increase oil recovery in close cooperation with our partners.


producing fields


barrels of oil equivalent per day

Operated fields


The Goliat field is located in PL 229 in the Barents Sea. It was the first producing oil field in the northernmost area of the Norwegian continental shelf (NCS) when operations started in March 2016.

Goliat was discovered in year 2000 and the plan for development and operation (PDO) was approved in 2009. The field is developed with a fully winterized floating production unit including subsea systems.

Vår Energi is the operator with 65% working interest, while Equinor as a partner holds 35%.


The Marulk field is located in PL 122 in the Norwegian Sea. It is a subsea gas field located 25 kilometres southwest of the Norne field.

Marulk was discovered in 1992 and the PDO was approved in 2010. The field was developed with a subsea template tied into the Norne floating production, storage and offloading vessel (FPSO), with production start in 2012.

Vår Energi is the operator of the Marulk field with 20% working interest, while Equinor (33%), Ineos (30%) and DNO (17%) are the field partners.


The Balder field is located in PL 001 on the Utsira High in the North Sea. It was the first license awarded on the NCS and the site of the first exploration drilling and oil discovery offshore Norway.

The Balder field is developed with a FPSO tied to several subsea production systems. Production started in 1999. Natural gas produced at Balder is exported to Statpipe.

Vår Energi plans to extend the Balder area production towards 2045, and is progressing a field life extension project which includes upgrades upgrades to Balder FPSO (2030), new seismic surveys and further drilling programs.

The extension program is called the Balder Future Project

Vår Energi is the operator with 90% working interests, while our partner Mime Petroleum AS holds 10%.

Ringhorne platform. Photo.

Ringhorne and Ringhorne East

The Ringhorne field is located in PL 027 and 169 E in the North Sea, about nine kilometres northeast of the Balder FPSO.

The field is developed with a platform with initial processing and water injection capabilities. Production of oil and gas is routed to the Balder FPSO for final processing, storage and export. Production started in 2003.

Vår Energi is the operator of Ringhorne with 90% working interest, with Mime Petroleum AS partner (10%).

Ringhorne East is developed with four wells from the Ringhorne platform with production start in 2006. A new drilling campaign from the Ringhorne platform commenced in November 2019 and is still ongoing.

Vår Energi is the operator of Ringhorne East with 69,98% working interest. The other Ringhorne East partners are DNO North Sea (Norge) AS (22,62%) and Mime Petroleum AS (7,4%).

Partner operated fields

Vår Energi has ownership interest in 31 producing partner operated fields on the Norwegian continental shelf (NCS).

Our main objective is maximising value creation through efficient production, and continuous work with our partners to increase oil recovery in a safe and sustainable manner. The company has ownership interest in the following producing fields:

North Sea:

  • Brage (12.2 percent)
  • Bøyla (20 percent)
  • Snorre (18.6 percent)
  • Ekofisk (12.4 percent)
  • Eldfisk (12.4 percent)
  • Embla (12.4 percent)
  • Fram (25 percent)
  • Frosk (20 percent)
  • Grane (28.3 percent)
  • Gungne (13 percent)
  • Sigyn (40 percent)
  • Sleipner Vest (17.2 percent)
  • Sleipner Øst (15.4 percent)
  • Statfjord (21.3 percent)
  • Statfjord Nord (25 percent)
  • Statfjord Øst (20.5 percent)
  • Svalin (13 percent)
  • Sygna (20.9 percent)
  • Tor (10.8 percent)
  • Tordis (16.1 percent)
  • Vigdis (16.1 percent)

Norwegian Sea:

  • Åsgard (22,1 percent)
  • Morvin (30 percent)
  • Mikkel (48,4 percent)
  • Kristin (16.7 percent)
  • Tyrihans (18 percent)
  • Norne (6.9 percent)
  • Ormen Lange (6.3 percent)
  • Heidrun (5.2 percent)
  • Urd (11.5 percent)
  • Skuld (11.5 percent)
  • Trestakk (40.9 percent)

Several expansion projects on partner operated fields are in the planning and execution phase. These projects will increase oil recovery and the lifespan of the producing assets. Some of these are subject to low pressure projects, others are greenfield development projects.

Full overview of Vår Energi’s portfolio.