Vår Energi strengthens portfolio via acquisitions and divestments
On the Norwegian Continental Shelf, it acquired Pandion, swapped with DNO, and divested Goliat/Fenja to boost ownership, extend hub life, and improve capital flexibility.
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Norwegian upstream oil and gas company
varenergi.noLast updated
In short: Vår Energi achieved record production of 406 kboepd in Q1 2026 and sanctioned several major projects to sustain growth through 2030.
On the Norwegian Continental Shelf, it acquired Pandion, swapped with DNO, and divested Goliat/Fenja to boost ownership, extend hub life, and improve capital flexibility.
The final investment decision covers seven new wells tied back to the Jotun FPSO, adding 86 mmboe gross reserves.
They transformed Goliat into a growth asset, sharing the honor with Equinor for Johan Sverdrup. Nominated for Explorer and Business Developer of the Year.
Production is 406 kboepd with strong financial results. They position themselves well in volatile market and deliver stable dividends.
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