Vår Energi sees substantial opportunities for further growth and value creation in the north and has secured the COSL Prospector drilling rig for a two-year drilling program in the Barents region, in cooperation with Equinor.
The rig contract with COSL Offshore Management AS builds on a cooperation between Vår Energi and Equinor that will secure access for the companies to the COSLProspector drilling rig for the period 2024-2026, with an option for an additional three years.
The contract represents a significant commitment to exploration in the north, with the objective of growth and sustained value creation in the region.
Vår Energi CEO Torger Rød lays out the company’s ambitions:
"We see great opportunities for growth and value creation in the Barents Sea. At the same time, the lack of infrastructure, particularly for gas, poses restrictions for further development in the region. That’s why exploration is essential to uncover new oil and gas resources that can form the basis for new infrastructure and development of existing and future discoveries. We are now gearing up activity in the region by securing a dedicated drilling rig for continuous drilling operations in the coming years."