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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: Fourth quarter and full year 2024 trading update

    Sandnes, Norway, 28 January 2025: Vår Energi ASA (OSE: VAR, the "Company") will publish its financial report for the fourth quarter and full year 2024 on Tuesday 11 February. 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 278 kboepd in the fourth quarter of 2024, an increase of 8% from the third quarter and an increase of 23% compared to the fourth quarter of 2023. The total production for the full year averaged 280 kboepd, within the guided range for the year.   The

    Vår Energi reports significant reserves and resource base increase in 2024

    Sandnes, Norway, 28 January 2025: Vår Energi ASA (OSE: VAR) releases the Company’s Annual Statement of Reserves for 2024, reporting proved and probable (2P) reserves, plus contingent resources (2C) of approximately 2.1 billion barrels of oil equivalent (boe). “We are pleased to have significantly expanded our reserves and resource base in 2024 to a total of 2.1 billion boe, with a 2P reserve replacement ratio¹ of an impressive ~300% for the year. This represents a strong foundation for long-term sustained production and value creation, and we are working at pace to mature a pipeline of

    Vår Energi enters strategic partnership with Aker Solutions, Honeywell, and StS-ISONOR

    Sandnes, Norway 22 January 2025: Vår Energi ASA (OSE:VAR) enters a long-term strategic partnership with Aker Solutions, Honeywell, and StS-ISONOR for the delivery of modification and maintenance services.The collaboration includes services related to modification and maintenance for Vår Energi's operations on the Norwegian Continental Shelf. The strategic partnership between Vår Energi, Aker Solutions, Honeywell, and StS-ISONOR builds on an already established collaboration model with clear incentives to work as an integrated team towards common goals. Vår Energi's COO, Torger Rød, is

    Vår Energi teams up with NTNU

    Vår Energi to challenge NTNU students with real-world problems from the daily life of an oil and gas producer.Vår Energi will participate in the NTNU course Experts in Team (EiT) where students are challenged on current issues from society and business life. Norwegian University of Science and Technology (NTNU) is one of the most influential institutions for higher education in Norway.  VP People & Leadership at Vår Energi, Astrid Huglen, emphasizes the importance of dialogue and collaboration between academia and industry:  The agreement builds on a well-established and good

    Vår Energi ASA: Mandatory notification of trade by primary insiders in connection with allocation of bonus shares

    Sandnes, Norway, 14 January 2025: Vår Energi (OSE: VAR) has today carried out its employee share purchase program related to 2022. Participants in the share purchase program are eligible to receive one bonus share for every one share bought in 2022, given these shares have not been sold or transferred in the period. A total of 673 698 shares will be allocated to employees. The shares have been bought in the market, with an average purchase price of NOK 39.1762 per share. Details on individual allocation of shares to primary insiders and close associates is included in the attached

    Vår Energi awarded 16 NCS licences

    Sandnes, Norway 14 January 2025: Vår Energi ASA (OSE:VAR) is awarded 16 new production licences on the Norwegian Continental Shelf (NCS), of which 5 as operator, in the 2024 Awards in Predefined Areas (APA) covering mature areas.The awards were announced by the Norwegian Ministry of Energy, offering Vår Energi production licences in all parts of the NCS, including the North Sea, the Norwegian Sea and the Barents Sea. Most of the licences are close to existing infrastructure, supporting the company hub strategy. CEO in Vår Energi, Nick Walker said: “I am pleased that our work to secure

    Invitation to Vår Energi’s Capital Markets Update 2025

    Sandnes, Norway 14 January 2025: Vår Energi ASA (OSE: VAR) is pleased to invite investors, analysts, and other stakeholders to a Capital Markets Update on 11 February 2025 at 14:00 (CET). The event will be held in central Oslo, with the alternative of joining digitally. Further information, including a detailed agenda, will be made available closer to the event date on varenergi.no/en/investor. Vår Energi will also publish its fourth quarter and full year 2024 results at 07:00 CET on the same day. More information is available on varenergi.no/en/investor/financial-calendar/.

    Vår Energi ASA: Notification of trade by primary insider

    Sandnes, Norway, 9 January 2025: Deputy employee representative to the Board, Matthieu Angeli in Vår Energi (OSE: VAR) has sold 3 000 shares in the company at a price of NOK 38 per share. The transaction was performed on 8 January 2025. Following the transaction, Matthieu holds a total of 9 167 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 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

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