Vår Energi completes acquisition of ExxonMobil’s upstream assets in Norway
Published by Nicholas Woodroof,
Editor
Oilfield Technology,
The acquired fields, which are mostly operated by Equinor, will add additional daily production of approximately 150 000 bpd for the company. The new total production will be about 300 000 bpd growing organically to about 350 000 bpd 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 1900 million boe.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/11122019/vr-energi-completes-acquisition-of-exxonmobils-upstream-assets-in-norway/
You might also like
K2 Energy Group acquires Eutex hazardous-area inspection services division to expand global compliance and safety capabilities
K2 Oilfield Services Pte Ltd, operating as K2 Energy Group (K2), has announced the acquisition of the global hazardous-area inspection services business of Eutex Inc. (Eutex), a portfolio company of Sutherland Holdings International, through its purchase of Eutex International Pte Ltd in Singapore.