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  • Eni announces creation of Vår Energi
    édité le 12/12/2018 - Plus de news de "ENI" - Voir la fiche entreprise de "ENI"


Eni announces creation of Vår Energi
Eni announces the completion of the merger of Point Resources AS and Eni Norge AS – an associate of Eni S.p.A. – resulting in the creation of Vår Energi, an independent leader in the exploration and production of hydrocarbons in Norway. The merger took place after the pending conditions were met, among them having secured a third party financing of $3 billion non-recourse to sponsors and after receiving regulatory approvals

Owned 69.6% by Eni and 30.4% by HitecVision, Vår Energi has about 800 employees and 17 oil and gas fields with a wide geographical coverage, from the Barents Sea to the North Sea. Production in 2018 is estimated at 170,000 barrels of oil equivalent per day (boepd) and the company has reserves and resources of more than 1,250 million barrels of oil equivalent (Mboe). Production from existing fields is expected to reach 250,000 boepd by 2023.

HSE performance, project delivery and production efficiency will be priority areas for management, led by Kristin F. Kragseth, CEO, and Philip D. Hemmens, Chairman of the Board.

The creation of Vår Energi AS is a major step forward in the strategy to reinforce Eni’s presence in OECD countries with further upstream potential.

About ENI

Eni is an integrated energy company employing more than 34.000 people in 69 countries in the world. Eni engages in oil and natural gas exploration, field development and production, as well as in the supply, trading and shipping of natural gas, LNG, electricity and fuels. Through refineries and chemical plants, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and chemical products that are supplied to wholesalers or through retail networks or distributors.


Origine : Communiqué ENI

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