Oil discovery in the Barents Sea
Vår Energi confirms discovery of oil in the Equinor operated Snøfonn Nord exploration well in the Johan Castberg area. The exploration well proved successful with the latest preliminary estimates showing volumes between 30-50 million barrels of recoverable oil. Significant for the area ‘With the Snøfonn discovery, Vår Energi celebrates its first exploration success of 2022. This confirms our strategic approach to exploration in the Barents Sea, strengthening the value creation in the region.The discovery adds valuable volumes to our resource base, supporting our long-term growth