Var Energi AS 2025 AR2
The report highlights Vår Energi's transformational growth in 2025, during which the company doubled its production in two years to a record high of 332 kboepd. The company successfully completed and started up nine projects, including the Jotun FPSO at the Balder field and Johan Castberg, while maintaining safe operations with zero material safety or environmental incidents. Vår Energi also progressed its decarbonisation efforts, achieving top-quartile emission intensity and advancing its target to become carbon neutral in net equity operational emissions by 2030. Financially, the company generated USD 4.6 billion in cash flow from operations and distributed USD 1.2 billion to shareholders.
Company: Var Energi AS
Sector: Mining & quarrying
Country: Norway
Year: 2025
Type: AR2
Pages: 208
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Var Energi AS
Annual Report
The report highlights Vår Energi's transformational growth in 2025, during which the company doubled its production in two years to a record high of 332 kboepd. The company successfully completed and started up nine projects, including the Jotun FPSO at the Balder field and Johan Castberg, while maintaining safe operations with zero material safety or environmental incidents. Vår Energi also progressed its decarbonisation efforts, achieving top-quartile emission intensity and advancing its target to become carbon neutral in net equity operational emissions by 2030. Financially, the company generated USD 4.6 billion in cash flow from operations and distributed USD 1.2 billion to shareholders.
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Document Details
Report Year
2025
Reporting Period
Jan 1, 2025 - Dec 31, 2025
Fiscal Year
2025
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees