Vår Energi struck a similar supply deal with Germany’s VNG Handel & Vertrieb for the delivery of 5 bcm (176.6 bcf) of gas over 12 years.
The company has discovered gross recoverable hydrocarbons of up to 39 million barrels of oil equivalent (mboe) in the North Sea.
Vår Energi drilled a dry well in Barents Sea production license 1025 S.