Vår Energi sells Brage assets as part of portfolio optimisation
Sandnes, Norway, 5 October 2023: Vår Energi ASA (OSE: VAR) has signed an agreement with Petrolia NOCO AS (Petrolia) for the disposal of the 12,2575% interest in the Brage Unit. The Brage Field is a late life producing field located in the Central North Sea operated by OKEA (35.2%). The field started production in 1993 and comprises a production, drilling and quarters platform with oil transportation via OTS/Sture Terminal and gas offtake through Gassled. “The transaction is part of Vår Energi’s ongoing portfolio optimisation process, in line with stated long term strategic drivers and