We've been operating in the country since 1965 in the Exploration & Production sector, in the Norwegian Sea, the Norwegian North Sea and the Barents Sea and Plenitude & Power, for the development of projects in the renewable energy sector.
Business in Norway is very relevant to us; and that is why we are active in this Country through the joint venture Vår Energi. Established in 2018 between Eni and the PE HitecVision Fund, it is a leading company in the Oil and Gas sector on the Norwegian Continental Platform, with a solid and diversified portfolio, a best-practice oriented organization, and over 50 years of experience in NCS.
In 2023, we awarded 12 new exploration licenses with 5 operatorships, as a result of the “Awards in Predefined Areas 2022” (APA) by the Ministry of Petroleum and Energy of Norway.
The results of the APA 2022 consolidate Vår Energi’s position as a major independent energy company in Norway. The new exploration licenses actually are focused around Vår Energi key hubs but also includes high impact licenses in possible new hub areas.
Exploration & Production
Below is the 2021 data for the developed and undeveloped areas of the country.
Our activities are mainly based in the Norwegian Sea, the Norwegian Northern Sea, and the Barents Sea,with a developed and undeveloped area of 27,917 square km (of which 7,272 square km belonging to Eni). Eni’s production in Norway amounted to 172 kboe/d in 2021. Exploration and production activities are regulated by concession contracts (Production License, PL). According to a PL, the holder is entitled to perform seismic surveys and drilling and production activities for a given number of years with possible extensions. Production comes from operated fields, by Vår Energi, of Goliat (Eni’s interest 45.40%) in the Barents Sea, Marulk (Eni’s interest 13.97%) in the Norwegian Sea, as well as Balder & Ringhorne (Eni’s interest 62.87%) and Ringhorne East (Eni’s interest 48.88%) in the Norwegian section of the North Sea. These fields amounted to approximately 18% of Eni’s production in the Country. Furthermore, Vår Energi holds interests in 32 production licences in the Norwegian section of the North Sea and in the Norwegian Sea, including: Ekofisk area, Snorre, Grane, Statfjord, Fram, Sleipner, Åsgard, Tyrihans, Ormen Lange, Mikkel, Kristin e Heidrun.
Vår Energi participates in 137 exploration licenses, of which 35 as operators. Recent discoveries in this sector have confirmed the success of the “ILX” (“Infrastructure Led Exploration”) exploration strategy, aimed at the distribution of additional high-value reserves, with a fast time to market. The mineral interest portfolio increases were as follows:
in January 2022, five exploration licenses were acquired as operator and five licenses in partnership. The licenses are distributed over the three main sections of the Norwegian continental shelf
in 2021 eight exploration licenses were acquired as operator and five licenses in partnership, mainly located in the North Sea and the Barents Sea.
Global Gas & LNG Portfolio
Below are the 2021 figures for gas supplied in the country.
January: 12 new exploration licenses resulting from the “2022 Awards in Predefined Areas” (APA).
December: gas discovery, with a preliminary estimate of 9-21 billion cubic meters of recoverable gas
February: alongside the HitecVision equity fund, completion of the joint venture’s listing procedure at the Oslo stock exchange, by participating in approx. 11.2% of the share capital of the subsidiary company.
August: agreement with Agder Energi and Green Investment Group (GIG), to participate in a competitive bidding for the development of offshore wind plants in the Sørlige Nordsjø II area
May: agreement between Equinor and Vårgrønn, to participate in the tender for the development of floating offshore wind plants in the North and West Utsira and Haugalandet areas, in the Norwegian Northern Sea.
November: together with HitecVision, announcement of the establishment of the company Vårgrønn
2023
2022
2021
2020
Our products and services in Norway
For more information about this country please refer to the following dedicated websites.
In Norway, we launched three major development activities thanks to the Goliat, Balder X and Johan Castberg hydrocarbon production projects.
Gigantic Goliat
The advanced technology of the enormous cylindrical platform that houses Goliat makes it the only one in the world. Its design copes with the Barents Sea's Arctic conditions by incorporating a series of revolutionary innovations that ensure safe and stable operations.
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