About us
About us Our story Organisation & values Management Board of directors Our shareholders Control & improvement Code of ethics & whistleblowing
Our business
Our business License map Production
Production Operated fields Partner-operated fields
Development
Development Operated Partner-operated
Exploration
Exploration Operated Partner-operated
Commercial and business development Supply terms
Community and environment
Community and environment Sustainability Corporate social responsibility
Corporate social responsibility Ripple effects Local engagement
HSSEQ
HSSEQ Climate & environment Safety & risk management Emergency response & oil spill preparedness
Research & development
Research & development Norwegian CCS Research Centre
News & media
News & media News archive Media library Publications
Careers
Careers Career opportunities Apprenticeships
Contact
Text size change icon

To change text size:

PC: Hold down the Ctrl key and press "+" to increase or "-" to decrease.

Mac: Hold down the Cmd (Command) key and press "+" to increase or "-" to decrease.

NO

21 December 2019

Rig contract to Seadrill

Vår Energi AS awards rig contract to Seadrill Norway Operations AS, a Seadrill Ltd subsidiary, and secures the West Phoenix drilling rig for work on the Balder Future re-development project in the North Sea. 

West Phoenix. Photo: Seadrill.

West Phoenix is selected to drill new production- and injection wells on the Balder field in the period Q2 2021 to Q3 2023. The drilling campaign is part of the Balder Future re-development project.

– The Balder Future project is one of our key growth projects, and will be one of the largest development projects on the Norwegian Continental Shelf for the coming years. We are very pleased with the rig selection and are happy to have Seadrill on board the team.  We look forward to work together for a safe and efficient drilling campaign, says Vår Energi VP Operations, Rune Oldervoll.

The contract is subject to authority approval of the revised plan for development and operations for Balder and Ringhorne.

Growth plans
The Balder Future project is a part of the Balder X project with the target to recover around 200 million barrels of additional reserves from the Balder-Ringhorne area in the North Sea.

Vår Energi has reserves and resources of more than 1 900 million barrels of oil equivalent (Mboe), and is expected to reach a daily production of 350 000 barrels of oil equivalent by 2023.

This will require developing more than 500 million barrels of oil equivalent in over ten existing projects in Vår Energi’s development portfolio on the Norwegian continental shelf. The Balder X project is key in this growth plan.

Vår Energi AS
Vår Energi AS is one of the largest E&P companies on the NCS and the result of the merger of Point Resources AS and Eni Norge AS in late 2018. Vår Energi is jointly owned by Italy based energy company Eni (69.6 %) and Norway based leading private equity investor HitecVision (30.4 %).

Contact:
Andreas Wulff
Communications and Public Relations Manager
Mobile: +47 926 16 759
Email: andreas.wulff@varenergi.no