10 new NCS licenses for Vår Energi

Source: press release, 19 January 2021

photo: Vår Energi
photo: Vår Energi

Vår Energi AS has been awarded 10 new licenses (5 as operator) on the Norwegian Continental Shelf during the Awards in Predefined Areas for 2020. The licenses were awarded by the Ministry of Petroleum and Energy (MPE).

“We are pleased with the result. The new exploration licenses continue to strengthen Vår Energi’s position both around key hubs and in other attractive areas, confirming our strategy and commitment to the exploration of the NCS,” says Vår Energi CEO, Kristin F. Kragseth.

Vår Energi AS has been granted the following new licenses:

  • North Sea: PL 1090 (operator (O)), PL 1096 (O)
  • Norwegian Sea: PL 1122, PL 1120, PL 1117, PL 1121, PL 1114
  • Barents Sea: PL 1132 (O), PL 229 G (O), PL 1131 (O)

Vår Energi has reserves and resources of more than 1,900 million barrels of oil equivalent on the NCS. Exploration is a key part of Vår Energi’s future organic business growth.