Vår Energi awarded 16 new production licenses on the Norwegian Continental Shelf (NCS), of which 4 as operator, in the 2023 Awards in Predefined Areas (APA) covering mature areas. Vår Energi is one of the fastest growing oil and gas companies in the world and a major oil and gas supplier to the European market. Continued access to new exploration areas is the foundation for further growth and value creation.

Vår Energi is offered licenses in the North Sea, the Norwegian Sea and the Barents Sea - most of them in areas close to existing infrastructure, supporting the company hub strategy. Vår Energi is also offered licenses in the western Barents Sea - in a more unexplored area of the Barents region. Vår Energi is offered following licenses: The North Sea: 4 (1 operated), Norwegian Sea: 5 (1 operated), Barents Sea: 7 (2 operated).