10 New NCS Licenses for Vår Energi

January 25, 2021 | Oil & Gas | Energy Facts Staff Writer | 4min

Vår Energi AS is awarded 10 new licenses (5 as operator) on the Norwegian Continental Shelf during the Awards in Predefined Areas for 2020.

“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 (op), PL 1096 (op)
  • Norwegian Sea: PL 1122, PL 1120, PL 1117, PL 1121, PL 1114
  • Barents Sea: PL 1132 (op), PL 229 G (op), PL 1131 (op)

(op) = operator

10 New NCS Licenses for Vår Energi

The licenses were awarded by the Ministry of Petroleum and Energy (MPE).

Full overview of Vår Energi’s NCS operatorships and partnerships.

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.