Commercial oil and gas discovery in the Gjøa area in the North Sea
Sandnes, Norway 27 June 2024: The Vår Energi ASA (OSE: VAR) operated Cerisa exploration well in production license PL 636 was successful with estimated gross recoverable resources of between 18-39 million barrels of oil equivalent (mmboe). The discovery is the fourth discovery in a row close to the partly electrified Vår Energi operated Gjøa platform. Together with previous discoveries Gjøa North and Ofelia/Kyrre, Cerisa is a candidate to be tied into the Gjøa field by use of the existing infrastructure in the area. Combined, these discoveries have estimated gross recoverable resources