Var Energi AS 2021 AR2
The report highlights Vår Energi's strong operational and financial performance in 2021, achieving a record cash flow from operations of USD 4.4 billion and distributing USD 950 million in dividends. The company successfully listed on the Oslo Stock Exchange in February 2022. Vår Energi made significant progress on its growth strategy, targeting production of over 350 kboepd by the end of 2025 while aiming to reduce production costs to USD 8 per boe. On the ESG front, the company committed to becoming a net zero producer (Scope 1 and 2) at operated fields by 2030 and was ranked in the top 9th percentile of E&P companies by Sustainalytics.
Company: Var Energi AS
Sector: Mining & quarrying
Country: Norway
Year: 2021
Type: AR2
Pages: 134
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Var Energi AS
Annual Report
The report highlights Vår Energi's strong operational and financial performance in 2021, achieving a record cash flow from operations of USD 4.4 billion and distributing USD 950 million in dividends. The company successfully listed on the Oslo Stock Exchange in February 2022. Vår Energi made significant progress on its growth strategy, targeting production of over 350 kboepd by the end of 2025 while aiming to reduce production costs to USD 8 per boe. On the ESG front, the company committed to becoming a net zero producer (Scope 1 and 2) at operated fields by 2030 and was ranked in the top 9th percentile of E&P companies by Sustainalytics.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees