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  • Ida Marie Fjellheim

    Head of Investor Relations


    +47 905 09 291
  • Andreas Wulff

    Communication Director


    +47 926 16 759
  • Jan Eirik Heigre Gjerdevik

    Communication Advisor


    +47 913 25 511

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    Vår Energi takes over operatorship of the Trudvang CO2 storage licence

    Sandnes, Norway 12 December 2024: Vår Energi ASA (OSE:VAR) confirms the operatorship of the Trudvang CO2 storage licence in the North Sea is to be transferred from Sval Energi AS to Vår Energi CCS AS. Vår Energi CCS AS also increases its stake in the licence from 30 to 40 percent.The Trudvang storage licence has the potential to store up to nine million tonnes of CO2 annually for at least 25 years, a total of 225 million tonnes, with indications that the storage potential could be even higher.   Vår Energi’s COO Torger Rød said: We are pleased to secure our second operatorship of a

    New oil discovery near Goliat unlocks further potential in the Barents Sea

    Sandnes, Norway 12 December 2024: Vår Energi ASA (OSE:VAR) confirms an oil discovery in the operated Countach appraisal well near the Goliat field in the Barents Sea. The preliminary estimated gross recoverable resources encountered in the well are between 4 to 25 million barrels of oil equivalent (mmboe), bringing the total estimated recoverable resources in the Countach discovery to 10 to 55 mmboe. The discovery confirms the potential of the Goliat ridge, where additional gross prospective recoverable resources of over 100 mmboe will be assessed with the planned drilling program in 2025.

    Vår Energi launches teaching program in collaboration with the University of Stavanger and Junior Achievement in Rogaland

    Vår Energi joins the University of Stavanger and Junior Achievement in Rogaland on a new 10 credit teaching program for students.The initiative wishes to strengthen the innovation and entrepreneurship competence of students at the Institute Department of Energy and Petroleum Engineering and the Department of Energy Resources at the University of Stavanger. According to Astrid Huglen, VP Learning & Development at Vår Energi, the ability to think outside the box, to find sustainable solutions across disciplines, business sectors and industries, is crucial to meeting tomorrow's demands on

    Approaching start-up for Johan Castberg

    Sandnes, Norway, 10 December 2024: Vår Energi ASA (OSE: VAR) today provides a schedule update for the Johan Castberg development project, operated by Equinor. The field is expected to start-up in January/February 2025, moved from end-2024, due to adverse weather conditions in the Barents Sea during the final stage of commissioning and start-up. The Johan Castberg FPSO was anchored on the field in the Barents Sea in September this year. The FPSO has been hooked up to the subsea facility and the project is now approaching start-up. All wells required to meet the plateau capacity of 220

    Vår Energi ASA’s share saving plan allocates shares

    Sandnes, Norway, 2 December 2024: A total of 511 785 shares were purchased on behalf of employees in Vår Energi ASA (OSE: VAR) participating in the company’s employee share saving programme. The average purchase price was NOK 36.254 per share. The transactions are based on savings made in October, November, and December 2024. 86% of Vår Energi employees took part in the share saving for these months. As part of the programme, primary insiders in Vår Energi ASA (OSE: VAR) purchased 15 041 shares at an average price of NOK 36.254 per share. Details on individual allocation of shares to

    Vår Energi ASA: Notification of trade by primary insider

    Sandnes, Norway, 26 November 2024: Deputy employee representative to the Board, Finn Volrat Pettersen in Vår Energi ASA (OSE: VAR) has bought 6420 shares in the company at a price of NOK 36.74 per share. Following the purchase, Pettersen holds a total of 15 284 shares in Vår Energi. This information is subject to the disclosure requirements pursuant to MAR article 19 and Section 5-12 the Norwegian Securities Trading Act. Contact Investor relations Ida Marie Fjellheim, Head of Investor Relations +47 90509291 ida.fjellheim@varenergi.no About Vår Energi Vår Energi is a

    Vår Energi ASA: Notification of trade by primary insider

    Sandnes, Norway, 18 November 2024: Employee representative to the Board, Carl Anders Kjörling in Vår Energi ASA (OSE: VAR) has bought 2240 shares in the company at a price of NOK 35.14 per share. Following the purchase, Kjörling holds a total of 21 608 shares in Vår Energi. This information is subject to the disclosure requirements pursuant to MAR article 19 and Section 5-12 the Norwegian Securities Trading Act. Contact Investor relations Ida Marie Fjellheim, Head of Investor Relations +47 90509291 ida.fjellheim@varenergi.no About Vår Energi Vår Energi is a leading

    Commercial oil and gas discovery in the Fram area in the North Sea

    Sandnes, Norway 14 November 2024: Vår Energi ASA (OSE:VAR) confirms a commercial oil and gas discovery in the Equinor operated Rhombi well in the Fram licence in the North Sea. The preliminary estimate of shows gross recoverable resources of between 13-28 million barrels of oil equivalent (mmboe).The discovery was made in two different structural segments in Sognefjord and Fensfjord formations with fair to very good reservoir characteristics. The preliminary estimate of gross recoverable resources of the discovery are between 13 – 28 million barrels of oil equivalent. The licensees regard

    Vår Energi completes sale of Bøyla asset as part of portfolio optimisation

    Sandnes, Norway 1 November 2024: Vår Energi ASA (OSE: VAR) completes the sale of its 20% interest in the Bøyla field to Concedo AS for an after-tax consideration of USD 24 million. The transaction with Concedo AS is in line with Vår Energi's stated strategy to dispose of non-core assets to high grade the portfolio, supporting further growth and long-term value creation in the Company’s core hub areas. Concedo AS will assume full decommissioning liabilities for the Bøyla field interests. The Bøyla field is a mature producing field located in the North Sea operated by Aker BP (80%). The

    Vår Energi ASA: Ex dividend Q3 2024

    Sandnes, Norway, 28 October 2024: The shares in Vår Energi ASA (OSE: VAR) will be traded ex dividend of NOK 1.180 per share for the third quarter of 2024, as of today, 28 October. With reference to the stock market announcement on 22 October, the Board of Vår Energi ASA resolved to pay a dividend payment of NOK 1.180 per share, NOK 2 945 759 370 in total, equal to USD 270 million, relating to Q3 2024. The dividend will be paid on 5 November 2024 in NOK and the NOK dividend amount is based on the daily exchange rate published by Norges Bank 21 October 2024 approximately at 1600hrs CET.

    Vår Energi reports strong financial results in the third quarter 2024

    Sandnes, Norway, 22 October 2024: Vår Energi ASA (OSE: VAR) Vår Energi reports resilient operational and financial results in line with guidance. The Company is poised for significant production growth over the next three quarters.   Operational performance in-line with expectations · Production of 281 kboepd in the first nine months of 2024, in line with expectations · Planned maintenance shutdowns successfully completed · Continued strong operational performance on operated assets ahead of target   Strong financial performance · Continued realised gas price

    Key information relating to cash dividend to be paid by Vår Energi ASA

    Sandnes, Norway, 22 October 2024: The Board of Vår Energi ASA (OSE: VAR) has resolved to pay a dividend payment of NOK 1.180 per share, NOK 2 945 759 370 in total, equal to USD 270 million relating to Q3 2024.   Dividend amount: 1.180 Announced currency: NOK   Last day including right: 26.10.2024 Ex-date: 28.10.2024 Record date: 29.10.2024 Payment date: 05.11.2024 Date of approval: 21.10.2024   The dividend will be paid in NOK and the NOK dividend amount is based on the daily exchange rate published by Norges Bank 21 October 2024 approximately at 1600hrs CET.

    Vår Energi unlocking high-value barrels in the Balder area

    Sandnes, Norway, 22 October 2024: Vår Energi ASA (OSE: VAR, the "Company") and license partner Kistos Energy Norway AS have reached the final investment decision for the Balder Phase V project in the Balder area. The fast-track development will be a key contributor to sustaining long term production and value creation beyond 2025. The project will develop 33 million barrels of oil equivalent (mmboe) of gross proved plus probable (2P) reserves for capital spend of USD ~690 million gross and with an attractive breakeven price of around 30 USD per barrel. Drilling will commence in the first

    Vår Energi announces change to the Executive Committee

    Sandnes, Norway, 15 October 2024: Vår Energi ASA (OSE: VAR), today announces a change to its executive committee. Effective 1 December 2024, Carlo Santopadre will join the executive committee as Chief Financial Officer (CFO). Carlo Santopadre has over 15 years of experience in the industry, primarily with the Italian energy major, Eni SpA. He has held various senior finance roles in Eni Head Office and subsidiaries across North Africa, the Middle East, and West Africa. Prior to joining Eni he worked for KPMG. Stefano Pujatti, who has served as CFO in Vår Energi since 2019, will be

    Vår Energi: Third quarter 2024 trading update

    Sandnes, Norway, 10 October 2024: Vår Energi ASA (OSE: VAR, the "Company") will publish its financial report for the third quarter 2024 on Tuesday 22 October. Today, the Company provides an update on production, sales volumes and other relevant items. Vår Energi’s net production of oil, liquids and natural gas averaged 256 kboepd in the third quarter of 2024, a decrease of 11% from the second quarter and an increase of 22% compared to the third quarter of 2023. The production in the quarter was affected by planned seasonal maintenance and turnaround activity on several assets which is

    Vår Energi ASA: Extraordinary general meeting held

    Sandnes, Norway, 25 September 2024: The extraordinary general meeting of Vår Energi ASA (the "Company") (OSE: VAR) was held today, 25 September 2024, at 15:00 (CEST). The meeting was held as a digital event. In accordance with the proposals made by the Company's election committee, the general meeting elected Ole Johan Gillebo as a member of the Company's board. Consequently, the Board now has the following composition¹: · Thorhild Widvey, chair (2024-26) · Liv Monica Bargem Stubholt, deputy chair (2024-25) · Ole Johan Gillebo, director (2024-26) (new) · Fabio Ignazio Romeo,

    Vår Energi preparing for Johan Castberg start-up

    Vår Energi is one step closer to reaching its growth target as the production vessel Johan Castberg successfully anchors at the field in the Barents Sea. The Equinor operated floating production and storage vessel (FPSO) Johan Castberg is securely anchored on the field, and preparations for production start-up in the fourth quarter 2024 are ongoing. CEO in Vår Energi, Nick Walker, said: “Vår Energi is one of the world’s fastest growing E&P’s, and a leading player in the Barents Sea. With Johan Castberg in place at the field we are firmly on track to achieving our production

    Vår Energi ASA: Notification of trade by primary insider

    Sandnes, Norway, 11 September 2024: Deputy employee representative to the Board, Anita Hommedal in Vår Energi (OSE: VAR) has bought 211 shares in the company at a price of NOK 33.14 per share. The transaction was performed on 9 September 2024. Following the purchase, Hommedal holds a total of 2 550 shares in Vår Energi. This information is subject to the disclosure requirements pursuant to MAR article 19 and Section 5-12 the Norwegian Securities Trading Act. Contact Investor relations Ida Marie Fjellheim, Head of Investor Relations +47 90509291 ida.fjellheim@varenergi.no

    Vår Energi ASA’s share saving plan allocates shares

    Sandnes, Norway, 5 September 2024: A total of 549 956 shares were purchased on behalf of employees in Vår Energi ASA (OSE: VAR) participating in the company’s employee share saving programme. The average purchase price was NOK 33.6899 per share. The transactions are based on savings made in July, August, and September 2024. 86% of Vår Energi employees took part in the share saving for these months. As part of the programme, primary insiders in Vår Energi ASA (OSE: VAR) purchased 17 644 shares at an average price of NOK 33.6899 per share. Details on individual allocation of shares to

    Vår Energi ASA: Notification of trade by primary insider

    Sandnes, Norway, 4 September 2024: Deputy employee representative to the Board, Trond Arvid Larsen in Vår Energi (OSE: VAR) has bought 3000 shares in the company at a price of NOK 33.16 per share. Following the purchase, Larsen holds a total of 14 450 shares in Vår Energi. This information is subject to the disclosure requirements pursuant to MAR article 19 and Section 5-12 the Norwegian Securities Trading Act. Contact Investor relations Ida Marie Fjellheim, Head of Investor Relations +47 90509291 ida.fjellheim@varenergi.no About Vår Energi Vår Energi is a leading

    Vår Energi ASA: Notice of extraordinary general meeting

    Sandnes, Norway, 3 September 2024: Reference is made to the stock exchange notice by Vår Energi ASA ("Vår Energi", OSE: VAR) issued on 30 August 2024 regarding the resignation of board member Ove Gusevik. In order to appoint a new supplemental director, the board of directors of Vår Energi has today called for an extraordinary general meeting. The extraordinary general meeting will be held on 25 September 2024 at 15:00 (CEST). The meeting will be held as a digital event. Shareholders can participate in the extraordinary general meeting via webcast and also vote in advance or by proxy.

    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

    Resignation from the board of Vår Energi ASA

    Sandnes, Norway, 30 August 2024: Ove Gusevik has informed Vår Energi ASA ("Vår Energi" or the "Company", OSE: VAR) that he has decided to resign from his position as board member in order to focus on assignments for HitecVision. The resignation is effective as of 01 September 2024. Chair of the board, Thorhild Widvey, thanks Gusevik for his valuable contributions to the Company during his tenure. The election committee is in the process of finding a replacement for Gusevik, and an extraordinary general meeting for the purpose of supplementing the board is expected to be called shortly.

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