Vår Energi is gearing up for a significant year in 2025 as it prepares to sanction eight new offshore projects. This marks a crucial step toward achieving the company’s ambitious production growth targets.
In its latest operational and financial report, released on Tuesday, Vår Energi highlighted strong results that met expectations. The company’s announcement of plans to increase dividends in the first quarter of 2025 helped boost its share price by nearly 5% during early trading on the Oslo Stock Exchange.
These eight upcoming projects are all subsea tie-backs to existing offshore production facilities, which is a strategy that allows for efficient and cost-effective expansion. The projects include:
- Balder Phase 6
- Fram South
- Gjøa subsea (Ofelia, Cerisa, and Gjøa North cluster)
- Heidrun Extension
- Ekofisk Previously Producing Fields
- Eldfisk North Extension
- Sleipner Low Pressure Production
- Johan Castberg Improved Oil Recovery
Each of these projects will play a vital role in boosting Vår Energi’s production capacity and solidifying its position as a key player in the Norwegian oil and gas sector. As the company progresses through 2025, these developments will be instrumental in driving both growth and long-term sustainability for the business.