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  • Vår Energi completes the acquisition of ExxonMobil’s upstream assets in Norway
    édité le 11/12/2019 - Plus de news de "ENI" - Voir la fiche entreprise de "ENI"


Vår Energi completes the acquisition of ExxonMobil’s upstream assets in Norway
Vår Energi, which is owned by Eni and HitecVision, has completed the acquisition of ExxonMobil’s upstream assets in Norway, which was agreed on September 26 this year.

The acquired fields, which are mostly operated by Equinor, will add additional daily production of approximately 150,000 barrels of oil equivalent (boepd) for the company. The new total production will be about 300,000 boepd growing organically to about 350,000 boepd in 2023.

Through this acquisition, Vår Energi continues to expand its material and diversified portfolio of oil and gas producing assets, development projects and attractive exploration licenses, and becomes the second largest E&P company on the Norwegian Continental Shelf (NCS) after Equinor, with total reserves and resources of about 1,900 million boe.

About Eni

Eni S.p.A is an energy company operating in 67 countries worldwide and employing more than 30 000 people. The company operates in oil and gas exploration, development and production, refining and marketing, trading and shipping, chemical and new energy solutions. Eni is consistently ranked among the top 150 companies on the Fortune Global 500 list according to revenue. Eni is listed on the Milan and New York stock exchanges, with a controlling stake held by the Italian state.

About Vår Energi

Vår Energi is the largest independent exploration and production company on the Norwegian continental shelf. Vår Energi operates oil and gas production across the entire shelf, with fields in the Barents Sea, the Norwegian Sea and the North Sea. The company is committed to further explore, develop and produce resources and reserves from its high-quality portfolio of licenses. The company’s 800 employees work at the offshore fields and onshore office locations; headquarters at Forus in the Stavanger region, and branch offices in Hammerfest and Oslo. Vår Energi is owned by the integrated energy company Eni (69.6 percent) and the Norway based leading private equity investor HitecVision (30.4 percent).

About HitecVision

HitecVision is Europe’s leading private equity investor focused on the offshore energy industry, with USD 6 billion (NOK 50 billion) under management. HitecVision is headquartered in Stavanger with other offices in Oslo and London. Since 1994, the HitecVision team have invested in, acquired or established more than 150 companies, including ten E&P companies.


Origine : Communiqué ENI

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