Vår Energi sells Bøyla asset as part of portfolio optimisation
Sandnes, Norway 24 May 2024: Vår Energi ASA (OSE: VAR) has signed an agreement with Concedo AS for the disposal of a 20% interest in the Bøyla field for a consideration of USD 24 million. "The transaction is aligned with our stated ambition to dispose of non-strategic assets to optimise our portfolio of assets; reducing our operating costs and emission outlook and enhance future value creation” says Stefano Pujatti, CFO of Vår Energi. The transaction is subject to customary regulatory approvals and is expected to close in the fourth quarter 2024, with effective date 1 January 2024.