Vår Energi

Energy, Utilities & Waste · Norway · 1K - 5K Employees

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Overview

Headquarters

Vestre Svanholmen 1, Sandnes, Rogaland, ...

Phone Number

+47 51606060

Revenue

$6.7 Billion

Stock Symbol

VAR.OL

Industry

Energy, Utilities & Waste Oil & Gas Exploration & Services
ZI Rank: 13
Signal Type
Feb
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ZI Rank
8
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13

About Vår Energi

Vår Energi is an independent oil & natural gas exploration and production company on the Norwegian continental shelf. The company was founded in 2018 and is headquartered in Sandnes, Norway.Explore more
Vår Energi's Social MediaPopular SearchesVår EnergiVr EnergiVr Energi AsVr Energi.Air Energi Norway AsSIC Code 13,131NAICS Code 21,211Ticker OSE: VAR.OLShow more

Vår Energi Org Chart

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MJ
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Cost Controller

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Manager, Procurement

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Company Profile Activity

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Activity Insights

Vår Energi is experiencing very low activity levels compared to other companies in the Energy, Utilities & Waste sector.

What does this means?

Vår Energi is drawing exceptional interest within the Energy, Utilities & Waste industry, suggesting notable developments or strong market momentum, learn more about Vår Energi.

Vår Energi Tech Stack

A closer look at the technologies used by Vår Energi

Most Recent Scoops

Project
Vår Energi has approximately 30 high-return early-phase projects moving towards sanction all subsea tiebacks or facility enhancement projects with average breakevens of approximately $35 per barrel and rates of return above 25%, targeting up to 8 project sanctions in 2026 and development of approximately 500 million barrels of contingent resources.
Spending/Investment, Business Finance, Finance
Project
currently has 16 high-value projects in execution all subsea tiebacks or facility enhancement projects developing approximately 380 million barrels net, with average breakevens of approximately NOK 30 per barrel, rates of return of approximately 35%, and an average unit production cost of approximately NOK 3 per barrel.
Spending/Investment, Oil & Gas
Earnings
Vår Energi has reported Q2 capital expenditure, including exploration, of $645 million, with a CFFO to CapEx coverage ratio of 3.2 for the quarter, and full-year 2026 development CapEx guidance unchanged at $2.5 billion to $2.7 billion.
Earnings, Spending/Investment, Finance
Project
Vår Energi has sanctioned the Gja Subsea Projects, a coordinated subsea development of the Ofelia, Gja Nord, and Cerisa discoveries tied back to the Gja hub, with total gross 2P reserves of 76 million barrels of oil equivalent, breakevens below NOK 35 per barrel, and rates of return above 25%, with first production from Cerisa expected in Q3 2027 and Ofelia and Gja Nord startup expected in H2 2028.
Oil & Gas
Project
Oil & Gas
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Vår Energi News & Media

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Frequently Asked Questions Regarding Vår Energi

What is Vår Energi's stock symbol?
Vår Energi's stock symbol is VAR.OL
What is Vår Energi's official website?
Vår Energi's official website is www.varenergi.no
What is Vår Energi's Revenue?
Vår Energi's revenue is $6.7 Billion
What is Vår Energi's SIC code?
Vår Energi's SIC: 13,131
What is Vår Energi's NAICS code?
Vår Energi's NAICS: 21,211
How many employees does Vår Energi have?
Vår Energi has 1K - 5K employees
What industry does Vår Energi belong to?
Vår Energi is in the industry of: Energy, Utilities & Waste, Oil & Gas Exploration & Services
What companies has Vår Energi acquired?
Vår Energi has acquired the companies: LASMO, Neptune Energy Group, Novamont SpA, BlueNord
What technology does Vår Energi use?
Some of the popular technologies that Vår Energi uses are: goo.gl, Freshservice, Zingfit, WordPress.org
What does Vår Energi do?

Vår Energi is an independent oil & natural gas exploration and production company on the Norwegian continental shelf. The company was founded in 2018 and is headquartered in Sandnes, Norway.... Read More

What are Vår Energi social media links?
Vår Energi Linkedin page Vår Energi Facebook page
Is Vår Energi a public company?
Yes, Vår Energi is a public company and is traded under the symbol VAR.OL
See more information about Vår Energi

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