Vår Energi AS is a Norwegian oil and gas company headquartered in Stavanger, Norway. The company was established in 2018 following the merger between Eni Norway and Point Resources. Vår Energi AS is a publicly traded company listed on Oslo Stock Exchange with Eni as the largest stock holder.
History
The company was established in December 2018 as a result of the merger between Eni Norge and Point Resources AS. Eni Norge was a subsidiary of the Italian oil and gas company Eni, while Point Resources AS was owned by HitecVision, a private equity firm specializing in the energy sector. The merger created one of the largest independent oil and gas companies in Norway, with a production of approximately 300,000 barrels of oil equivalent per day.
In August 2019, Vår Energi AS acquired ExxonMobil's upstream assets in Norway for a total of $4.5 billion. The deal included ownership interests in more than 20 producing fields in the North Sea, including the Grane