The selection covers an initial four-year period, with four additional one-year extension options that could extend the scope through 2034. Two harsh-environment semisubmersibles will continuously drill exploration and development wells during this period. The integrated delivery model brings together technical expertise, digital workflows and operational execution across the well delivery process. Working closely with Vår […]
Vår Energi and Equinor have discovered gas and condensate at the Lakris prospect in the Norwegian Sea, with preliminary estimates indicating recoverable resources of 1.3 MMboe to 5.5 MMboe.
Fulkrum has been awarded an inspection services contract by Vår Energi covering projects across the operator’s Norwegian Continental Shelf (NCS) portfolio. Under the framework agreement, Fulkrum is currently supporting three subsea developments in the Gjøa area: Ophelia, Gjøa Nord and Cerisa. The company is providing inspection and testing of equipment and systems both offshore […]
Vår Energi has agreed to combine with BlueNord in a transaction that will create the largest independent oil and gas producer in Europe, expanding Vår Energi’s footprint into the Danish Continental Shelf while boosting production, reserves and cash flow. The boards of both companies have unanimously approved the transaction, which will be executed through a merger of BlueNord […]
TechnipFMC PLC has received a contract to execute the Vår Energi ASA-led Ofelia and Gjøa Nord development projects on Norway’s side of the North Sea. TechnipFMC did not specify the value of the integrated engineering, procurement, construction and installation contract but said it was a “large” award, which the company defines as ranging from $500 […]
Vår Energi has taken final investment decision (FID) on the Gjøa Subsea Projects and, together with its partners, submitted the Plan for Development and Operations (PDO) for the Ofelia and Gjøa Nord developments to Norway’s Ministry of Energy.
Vår Energi has taken final investment decision (FID) on the Balder Next New Wells project in the North Sea, advancing the next phase of development in the Balder area and adding 86 MMboe of reserves tied to the Jotun FPSO.
Vår Energi has submitted an amended Plan for Development and Operation (PDO) for the Goliat Gas Export (GGE) project in the Barents Sea, aiming to increase oil recovery and extend the field’s productive life.
Vår Energi ASA reported strong third-quarter 2025 results, highlighted by accelerated project delivery and rising production from key developments on the Norwegian Continental Shelf. The company said seven of nine new growth projects scheduled for 2025 start-up are already on stream, positioning Vår Energi ahead of schedule in its transformation plan.
The discovery was made on the Vidsyn ridge, which has the potential to hold up to 100 million barrels of oil equivalent (MMboe) gross. The Vidsyn well confirms discovered recoverable resources in the range of 25 to 40 MMboe gross, which are considered commercial. The remaining potential of the ridge will be assessed through an appraisal program, to facilitate for a fast-track development.