Publication of $VAR (-0,46%) from 22.12.2025
After the boss @SAUgut777 has also given instructions to regularly share the latest information about this company 😇😉I am happy to comply.
For anyone wondering why they are posting about this: $VAR (-0,46%) is one of the largest suppliers of natural gas to the European market and plays its part in keeping many people's homes warm at Christmas. Not an overperformer and of course cyclical, but with the right purchase price a pleasant dividend payer, which I have now had in my portfolio for over 2 years and am fully invested in.
Sandnes, Norway, December 22, 2025: Vår Energi (OSE: VAR, "the Company") publishes an update to the full year 2025 production guidance, which is at the lower end of the previous guidance at 330 to 335 thousand barrels of oil equivalent per day (kboepd) due to recent operational challenges in the Johan Castberg and Balder fields.
At Johan Castberg, some problems with the offloading hose led to periods of reduced production in November and now again in December. In the Balder area, there has recently been a decline in production at the Jotun FPSO caused by operational interruptions following the recently started Balder Phase V project, which was connected to the FPSO. Both the Johan Castberg and Balder fields are expected to be back in production on the plateau by the end of December.
Vår Energi has started nine growth projects in 2025, achieving transformative production growth. The company's production potential, when all assets are producing, is in the range of 440 to 460 kboepd. The production forecast for the full year 2026 of around 400 kboepd remains unchanged.