Company Var Energi

Equities

VAR

NO0011202772

Oil & Gas Exploration and Production

Market Closed - Oslo Bors Other stock markets 15:45:00 13/09/2024 BST			5-day change	1st Jan Change
33.13 ^NOK	+1.19%		-1.02%	+3.02%

09-04	SEB Bank Downgrades Vår Energi to Hold	MT
09-02	DNO Completes Stake Buys in Norwegian Sea Fields from Vår Energi	MT

Business description: Var Energi

Vår Energi ASA specializes in the exploration and production of oil and natural gas on the Norwegian Continental Shelf (NCS). Net sales break down by activity as follows:

- sale of crude oil (55.5%);

- sale of natural gas (41.3%);

- sale of liquefied natural gas (3.2%).

At the end of 2023, the group operated 47 oil fields.

Number of employees: 1,400

Sales by Activity: Var Energi

Fiscal Period: December	2019	2020	2021	2022	2023
Oil & Gas - Exploration & Production	24.87B	26.95B	6.04B	9.78B	6.82B

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Geographical breakdown of sales: Var Energi

Fiscal Period: December	2019	2020	2021	2022	2023
Unallocated	-	1.62B	-	-	-
EU	21.24B	25.23B	5.92B	9.46B	-
Norway	3.63B	101M	123M	323M	-

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Managers: Var Energi

Director	Title	Age	Since
Nicholas Walker CEO	Chief Executive Officer	62	04/09/23
Stefano Pujatti DFI	Director of Finance/CFO	52	31/12/18
Torger Rød COO	Chief Operating Officer	50	31/05/21
Tone Rognstad IRO	Public Communications Contact	57	31/12/21
Ida Marie Fjellheim IRC	Investor Relations Contact	-	31/12/21

See VAR ENERGI governance

Members of the board: Var Energi

Manager	Title	Age	Since
Thorhild Widvey CHM	Chairman	68	25/01/22
Liv Monica Bargem Stubholt BRD	Director/Board Member	63	25/01/22
Francesco Gattei BRD	Director/Board Member	55	10/09/20
Guido Brusco BRD	Director/Board Member	54	09/12/21
Fabio Ignazio Romeo BRD	Director/Board Member	69	25/01/22
Jan Inge Nesheim BRD	Director/Board Member	61	25/03/20
Martha Skjaeveland BRD	Director/Board Member	58	03/05/22
Francesca Rinaldi BRD	Director/Board Member	46	05-06

Composition of the Board of Directors

Shareholders: Var Energi

Name	Equities	%	Valuation
ENI S.P.A 63.04 %	1,573,713,749	63.04 %	5 289 M kr
Folketrygdfondet 3.084 %	76,989,715	3.084 %	259 M kr
John Fredriksen 1.881 %	46,947,876	1.881 %	158 M kr
Alfred Berg Kapitalforvaltning AS 1.198 %	29,911,879	1.198 %	101 M kr
ODIN Forvaltning AS 0.9414 %	23,500,653	0.9414 %	79 M kr

List of VAR ENERGI shareholders

Company details: Var Energi

Vår Energi ASA

Vestre Svanholmen 1

4313, Sandnes

http://www.varenergi.no

Oil Exploration & Production - Offshore

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Change	5d. change	1-year change	3-years change	Capi. ($)
VAR ENERGI	+1.19%	-1.02%	+2.41%	-	7.77B
OIL AND NATURAL GAS CORPORATION LIMITED	-0.88%	-5.62%	+58.48%	+136.85%	43.71B
AKER ASA	+1.43%	+1.25%	-15.91%	-10.76%	3.96B
ENERGEAN PLC	+2.41%	+2.46%	-19.42%	+23.99%	2.26B
SABLE OFFSHORE CORP.	+6.52%	+3.30%	+116.52%	+133.09%	1.46B
ISRAMCO NEGEV 2 LIMITED PARTNERSHIP	+0.13%	-3.47%	-1.19%	+96.85%	1.05B
SINO GEOPHYSICAL CO., LTD	-0.17%	-0.08%	-33.41%	-48.65%	530M
COHEN DEVELOPMENT GAS & OIL LTD.	0.00%	-0.63%	-9.14%	+75.08%	191M
OKEA ASA	+1.79%	-0.15%	-48.07%	+24.30%	195M
ECO (ATLANTIC) OIL & GAS LTD.	0.00%	-4.44%	-12.24%	-56.12%	58.6M
Average	+1.24%	-0.86%	+3.80%	+41.63%	6.12B
Weighted average by Cap.	-0.13%	-3.96%	+42.62%	+117.56%