Vår Energi sanctions Balder Next New Wells project, targets Q4 2027 start-up

PUBT·06/18/2026 05:01:21

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Vår Energi took final investment decision on the Balder Next New Wells project in the North Sea.
First phase targets seven new wells tied back to the Jotun FPSO, with start-up expected in Q4 2027.
Project scope covers 86 million boe gross proved plus probable reserves, up from about 75 million boe previously flagged.
Economics include a breakeven near USD 30 per boe, with internal rate of return above 35%.
Balder area supports a long-term production target above 400,000 boe per day; Balder FPU decommissioning planned from 2028.

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. Var Energi AS published the original content used to generate this news brief via Cision (Ref. ID: 202606180100BITN____UKPR__EN_20260617-BIT-9128-0) on June 18, 2026, and is solely responsible for the information contained therein.

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