Energy & Petrochemicals #oil and gas#north sea
Vår Energi Approves Seven-Well North Sea Development with 2027 Start-Up
Norwegian oil and gas company Vår Energi has taken a final investment decision on the Balder Next New Wells project in the North Sea. The seven-well development tied back to the Jotun FPSO will develop 86 million barrels of oil equivalent (boe) gross in proved plus probable reserves, with first oil expected in the fourth quarter of 2027. The project has a breakeven of around $30 per boe and an internal rate of return exceeding 35%.
Jun 18, 2026 1 source
