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Eni subsidiary Var Energi wins 10 new exploration licences in Norway

19 gennaio 2021 | 19.05
LETTURA: 1 minuti

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Italian major Eni subsidiary Var Energi has been awarded 10 new exploration licenses with 5 operatorships in the Norwegian continental shelf, consolidating its position as an independent energy company in Norway, Eni said in a statement on Tuesday.

Norway's petroleum and energy ministry awarded five operatorships and five partnerships, located in the North Sea, the Norwegian Sea and the Barents Sea,according to the statement.

"The new exploration licenses are located both around key hubs and in other areas, confirming Var Energi’s strategy and commitment to the exploration of the NCS, which is a key part of the company’s future organic business growth," said the statement.

Var Energi is jointly owned by Eni (69.85%) and private equity firm HitecVision (30.15%).

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