Vår Energi increases acreage positions and takes new operatorship in the Balder area through several transactions
Vår Energi has acquired 30% ownership in production licenses (PL) 820S and PL 820 SB (north of the Balder field in the North Sea) from Lime Petroleum, Pandion Energy and Lundin Energy Norway AS (now Aker BP). Vår Energi is proposed as new operator. The transaction is pending government approval. Earlier this year, Vår Energi also acquired PL 917 and PL 917B (west of the Balder field) from Lundin Energy Norway AS (now Aker BP) in an equity swap. This provides Vår Energi with the operatorship and 20 % additional equity share in return for reduced equity in PL 956 and PL 985. The new