Kistos agrees to buy 10% stake in Norwegian licenses from Vår Energi for $12.9 million

By Public Technologies
  • Kistos agreed to acquire a 10% interest in Norway's PL 169E, PL 956 and PL 956B from Vår Energi.
  • The agreement, signed October 14, 2026, carries upfront consideration of $12.9 million.
  • The acquisition adds 4,300,000 barrels of oil equivalent in combined net proved and probable reserves and contingent resources.
  • Effective January 1, 2026, the deal aligns the buyer's interests across the Balder Area.
  • Completion requires Norwegian Ministry of Energy approval.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kistos Holdings plc published the original content used to generate this news brief via NewsWeb, the disclosure sustem operated by Euronext Oslo (Ref. ID: 202610190200OSLOBORSNEWS__EN_261705F1357B7709FC88694E3D6C245), on October 19, 2026, and is solely responsible for the information contained therein.

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