Vår Energi enters strategic partnership with Aker Solutions, Honeywell, and StS-ISONOR

Sandnes, Norway 22 January 2025: Vår Energi ASA (OSE:VAR) enters a long-term strategic partnership with Aker Solutions, Honeywell, and StS-ISONOR for the delivery of modification and maintenance services.

The collaboration includes services related to modification and maintenance for Vår Energi's operations on the Norwegian Continental Shelf. The strategic partnership between Vår Energi, Aker Solutions, Honeywell, and StS-ISONOR builds on an already established collaboration model with clear incentives to work as an integrated team towards common goals.

Vår Energi's COO, Torger Rød, is pleased to initiate a four-party collaboration with the team:

Aker Solutions, Honeywell and StS-ISONOR represent world-leading technical expertise and extensive experience in areas of strategic importance to our activities. With Vår Energi's clear growth ambitions, a strong and long-term partnership is crucial. We are working purposefully to achieve results through close collaboration, actively utilising our partners’ core competencies. By year-end, we will increase production to around 400 thousand barrels per day, which makes us one of the world's fastest-growing oil and  gas companies.

The strategic partnership aims to create value through joint project planning, safe and efficient execution, strong collaboration and common goals. The contracts have a duration of five years with the option to extend.

Vår Energi's operations span the entire Norwegian Continental Shelf with a diversified portfolio of around 200 licences and 40 producing fields.

Photo (from left): Aker Solutions EVP for Life Cycle Paal Eikeseth, StS-ISONOR CEO Ingrid Solheim, Vår Energi COO Torger Rød and CEO in Honeywell, Geir Myhre.