Recoverable resources at Lakris are estimated at 1.3–5.5 million boe after COSL Prospector drilled the first exploration well in licence 1002. The well will be permanently plugged and abandoned.
The transaction covers PL 169E, PL 956 and PL 956B and is expected to add 4.3 million boe net of combined 2P reserves and 2C resources, with the 2C volumes expected on stream in 2029.
Odfjell Drilling has received a three-year Vår Energi LOA for Deepsea Bergen worth an estimated $518 million, extending the semi-submersible rig’s firm backlog to Q1 2031.
Equinor, Aker BP and Vår Energi will jointly pursue 20–25 high-impact exploration opportunities on the Norwegian continental shelf over the next four to five years.
Equinor and its partners found 7.6-10.5 million barrels of recoverable oil equivalent at Skrugard North Tubåen, with a possible tie-back to the Johan Castberg field.
Vår Energi and BlueNord have agreed to a $1.3 billion merger combining offshore oil and gas assets in Norway and Denmark, with closing expected around the end of 2026.
OneSubsea has secured Vår Energi contracts for Goliat gas export infrastructure and four well systems supporting the Balder Next New Wells project offshore Norway.
Wellbore 35/6-7 S is expected to be spudded in August 2026 after Vår Energi received a drilling permit. COSL Prospector will carry out the work in production licence 929.
The Norwegian Offshore Directorate has granted Vår Energi drilling permits for two wildcat wells offshore Norway, with both operations to use COSL’s COSLProspector semi-submersible rig.
