Vår Energi ASA completes acquisition of Pandion Energy AS' portfolio

By Cision
Vår Energi ASA

Sandnes, 30 September 2026: Vår Energi ASA (OSE: VAR, "Vår Energi", "the Company") has completed the acquisition of selected assets and licences from Pandion Energy AS, as announced on 18 June 2026.

Through the acquisition, Vår Energi strengthens its position in the Gjøa and Åsgard areas through a 10% interest in the producing Nova field (PL418), a 20% interest in the Ofelia development (PL929), a 49% interest in the Sierra Solberg discovery (PL263), and a portfolio of exploration licences in the Gjøa area. Together with other recent transactions, this supports the Company's strategy of optimising ownership around key operated hubs, extending infrastructure and hub lifetime, supporting long-term production, value creation and cash flow generation.

Contact

Investor relations

Ida Marie Fjellheim, VP Investor Relations

+47 90509291

ida.fjellheim@varenergi.no

About Vår Energi

Vår Energi is a leading independent upstream oil and gas company on the Norwegian Continental Shelf (NCS). To learn more, please visit varenergi.no.

https://news.cision.com/var-energi-asa/r/var-energi-asa-completes-acquisition-of-pandion-energy-as--portfolio%2Cc4402680

Gjøa 2

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.