Vår Energi announces successful refinancing
On 1 November 2021 Vår Energi AS (“Vår Energi”) announced the refinancing of its existing Reserved Based Lending facility with a USD 6 billion unsecured corporate credit facility provided in equal proportions by 12 international banks. Vår Energi also announced that it has obtained a BBB credit rating from S&P and Baa3 from Moody’s. Vår Energi is a full-cycle upstream oil and gas company, established in 2018 through the merger of Eni Norge and Point Resources, and is today the largest Norwegian Continental Shelf independent, with a H1 2021 production of 239,000 boepd and a 2P reserves