(Finance) – Var Energian energy company listed in Oslo and controlled by Enisigned a agreement with Petrolia for the sale of the shareholding of 12.2575% in the basin of Brage. This is a field located in the central North Sea operated by OKEA (35.2%). The field began production in 1993 and includes a production platform, drilling and transportation of oil via the OTS/Sture terminal and gas withdrawal via Gassled.
“The operation is part of the continuum portfolio optimization process of Var Energi, in line with the long-term strategic factors and declared performance parameters to reduce costs and increase value creation”, said Stefano Pujatti, CFO of Var Energi.
Var Energi’s net production from the field was 1.0 Kboepd in the first half of 2023 and remaining net reserves totaled 1.9 million boe at the end of 2022.