Its roles Owner Investor / Financier Operator
Vår Energi ASA is a Norwegian independent exploration and production company focused on oil and gas on the Norwegian Continental Shelf. Established in 2018 through the merger of Eni Norge and Point Resources, the company is majority-owned by Eni alongside HitecVision and is listed on the Oslo Stock Exchange (ticker: VAR). Its activities span the North Sea, Norwegian Sea, and Barents Sea, covering the upstream value chain from exploration to field development and production.
Vår Energi operates the Balder and Ringhorne area in the North Sea (including the Balder X redevelopment) and the Goliat field in the Barents Sea, and holds interests in several major developments such as Johan Castberg. The company is among the largest independent producers on the Norwegian shelf, with a diversified portfolio of producing assets, sanctioned developments, and exploration prospects aimed at extending field life and adding new resources through brownfield projects and tie-backs to existing infrastructure.
Also known as Vår Energi.
chemXplore tracks 7 projects involving Vår Energi, of which 7 are active.
Closest to start-up first.
1 more active project is in the record. See all 7 in chemXplore →
4 active projects carry no start-up date yet. The dates themselves, per project, are for subscribers.
Cost estimate raised to NOK 26.5bn (2026 value); onshore compression set for 2029, electrification 2030; project ~60% complete and will cut CO₂ by 850,000 t/yr.
A joint programme will target high‑impact prospects to find standalone field candidates by testing 20–25 opportunities and drilling about five wells per year.
Q2 results: revenue PLN 76.5bn, LIFO EBITDA PLN 13.9bn, net profit PLN 7.7bn; record foreign retail profits and H1 capital expenditure PLN 14.7bn.
Revenue $2.76bn; net income $363m; Subsea inbound $2.5bn; cash from operations $548m and free cash flow $488m; $440m returned to shareholders.
Design and manufacture of subsea production systems and controls for three brownfield tie-backs; rigid pipe installation on a fourth; contracts worth $250–500m, booked in Q2 2026.
Contracts are part of a coordinated first subsea wave to speed delivery and cut costs by standardising equipment and processes across multiple developments.
Swap reallocates operatorship and stakes to advance the Peon gas discovery as a Gjøa tie-back, with gas routed via Kårstø; includes a 5% Fram stake and Ringvei Vest positions.
Cerisa will yield ~8.5 million boe (incl. ~0.8 bcm gas); production start 2027; peak ~6,000 boe/d; two wells tied into existing Duva subsea template to cut cost and time.
active all projects
The 6 sharing the most projects, of 10.
