Var Energi, jointly owned by Italian Eni and HitecVision, will participate in 10 new licenses over three main oil and gas provinces on the Norwegian Continental Shelf (NCS), Eni announced in a statement Tuesday.
Var Energi was granted five operatorships and five partnerships in licenses from the Ministry of Petroleum and Energy’s "Awards in Predefined Areas 2020" known as APA.
According to the statement, the results of the APA 2020 consolidate Var Energi's position as a major independent energy company in Norway.
"The new exploration licenses are located both around key hubs and in other areas, confirming Var Energi's strategy and commitment to the exploration of the NCS, which is a key part of the company’s future organic business growth," the statement read.
By Gulsen Cagatay