Var Energi completed the acquisition of Norway Upstream Operations from ExxonMobil for $4.5bn.

Var Energi, a Norwegian upstream company, completed its acquisition of Norway Upstream Operations from ExxonMobil, an international oil and gas company for $4.5bn. “The ExxonMobil portfolio is a perfect match for our ambitions and business strategy. It reinforces our long-term commitment to further develop the NCS. Our portfolio is strengthened, and we will continue to further explore, develop and produce resources and reserves in a profitable and sustainable manner," Kristin Kragseth, Var Energi CEO.