Var Energi AS 2024 AR2
The report highlights Vår Energi's strong operational and financial performance in 2024, during which the company increased its annual production to 280 kboepd, largely driven by the acquisition of Neptune Energy Norge. The company expanded its total reserves and resource base to 2.1 billion boe, achieving a 2P reserve replacement ratio of approximately 300%. On the sustainability front, Vår Energi joined the UN-led Oil & Gas Methane Partnership (OGMP) and was recognized as an ESG Industry Top Rated company by Sustainalytics. Additionally, the company made progress on key electrification projects to support its target of reducing Scope 1 emissions by more than 50% by 2030.
Company: Var Energi AS
Sector: Energy
Country: Norway
Year: 2024
Type: AR2
Pages: 259
Var Energi AS
Annual Report
The report highlights Vår Energi's strong operational and financial performance in 2024, during which the company increased its annual production to 280 kboepd, largely driven by the acquisition of Neptune Energy Norge. The company expanded its total reserves and resource base to 2.1 billion boe, achieving a 2P reserve replacement ratio of approximately 300%. On the sustainability front, Vår Energi joined the UN-led Oil & Gas Methane Partnership (OGMP) and was recognized as an ESG Industry Top Rated company by Sustainalytics. Additionally, the company made progress on key electrification projects to support its target of reducing Scope 1 emissions by more than 50% by 2030.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees