Vår Energi completes sale of Norne area assets and increases its interest in the Ringhorne East Unit
Sandnes, Norway 30 August 2024: Vår Energi ASA (OSE: VAR) completes the sale of its Norne area field interests to DNO Norge AS for a fixed after-tax consideration of USD 51 million. The Norne area is located in the Norwegian Sea and the transaction include interests in the Norne (6.9%), Urd (11.5%), Skuld (11.5%) and Marulk (20%) fields and the Verdande (10.49%) development project. As part of the transaction DNO Norge has assigned to Vår Energi their 22.62% interest in the Ringhorne East unit, taking Vår Energi’s interest to 92.6%. The transaction with DNO Norge is in line with Vår