Var Energi

With its $4.5-billion acquisition of ExxonMobil’s remaining portfolio on the Norwegian Continental Shelf now official, Var Energi says it hopes to realize its ambitious growth plans.

Var Energi has awarded Rosenberg Worley with an EPCI contract for the redevelopment of the Balder and Ringhorne fields in the Norwegian North Sea. Rosenberg Worley will manage the life extension of the Jotun FPSO to help secure production from the Balder field until 2045. Var hopes to move the FPSO to a fabrication yard in Stavanger next spring for a 15-month stint, d…

In need of an exploration boost, Norway doled out a record 83 production licenses in mature areas of the Norwegian Continental Shelf to 33 firms.