Vår Energi buys Pandion assets for USD 110 million to boost Gjøa-area stake

PUBT·06/18/2026 06:00:45

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Vår Energi agreed to buy Pandion’s Norwegian asset portfolio for USD 110 million, adding stakes in Nova and Ofelia near the Gjøa hub.
A separate swap with DNO trades 5% of Gjøa for 15% of Ringhorne North and 5% of Nova, with a small balancing payment.
It will sell 20% of Goliat to Orlen Upstream Norway and 25% of Fenja to Concedo for up to USD 350 million.
Vår Energi keeps operatorship, retaining 45% of Goliat and 50% of Fenja, with minimal impact expected on 2026 production.
All transactions are expected to close in the second half of this year, subject to regulatory approvals.

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: 20260617:BIT:9169:0) on June 18, 2026, and is solely responsible for the information contained therein.

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