Update on Balder X project
Sandnes, Norway, 19 September 2022: Vår Energi ASA (OSE: VAR) today provided an update on the progress for the Balder X development and a revised cost estimate which reflect increased scope of work, the continued impact from global supply chain challenges, Covid-19 and schedule change. The Company’s production target of more than 350,000 boed by the end of 2025 is unaffected. Balder X, which comprises Balder Future and the Ringhorne Phase IV drilling projects, is set to extend production from the Balder Hub to 2045 and support development of new nearby discoveries by upgrading existing