Var Energi - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Var Energi M&A Summary

Var Energi has acquired 3 companies, including 3 in the last 5 years. It has also divested 1 asset.

Var Energi’s largest acquisition to date was in 2019, when it acquired Exxon Mobil - Upstream Operations for $4.5B. Var Energi has acquired in 1 US state, and 3 countries. The Company’s most targeted sectors include oil/gas exploration (67%) and business services (34%).

Var Energi Business Overview

Where is Var Energi headquartered?

Var Energi is headquartered in Stavanger, Norway.

What sector is Var Energi in?

Var Energi is an oil/gas exploration company.

When was Var Energi founded?

Var Energi was founded in 2018.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 2
  • M&A Advisors 1

Var Energi

Var Energi ASA

Vestre Svanholmen 12,
Stavanger, 4313
Norway,
+47 51 60 60 60
www.varenergi.no

Var Energi is an independent exploration and production (E&P) company on the Norwegian continental shelf (NCS) with an average production of more than 170,000 barrels of oil equivalent per day. The company operates oil and gas production across the entire shelf, with fields in the Barents Sea, the Norwegian Sea, and the North Sea. Var Energi was formed in 2018 and is based in Stavanger, Norway.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 2 - - - 1 - 3
vol $4.5B $2.3B $6.8B
Sell (0.0/yr) # 1 - - - - - 1
  4

Most Recent M&A

Company Date Value Type
Neptune Energy Norge AS 2023-06-23 2.3B USD Divestiture
Sandnes, Norway
Exxon Mobil Corp. - Upstream Operations 2019-09-26 4.5B USD Divestiture
, Texas
Vår Energi - Balder/Ringhorne & Ringhorne Øst fields 2019-04-02 - Divestiture
Stavanger, Norway
SINTEF Energy Research 2019-02-15 - Add-on Acquisition
Trondheim, North Korea · www.sintef.no
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 2 (67%) 6.8B (100%) 1 (100%) -
Business Services 1 (33%) - - -
Total 3 $6.8B 1 -

By Geo

State/Country Buy Value Sell Value
Norway 1 2.3B 1 -
North Korea 1 - - -
United States 1 4.5B - -
  Texas 1 4.5B - -
Domestic 1 (33%) 2.3B (34%) 1 (100%) -
Cross-border 2 (67%) 4.5B (66%) - -
Total 3 $6.8B 1 -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
 1

Deal Values

buy # Total
> $1B 2 $6.8B
TOTAL $6.8B
Largest Exxon Mobil Corp. - Upstream Operations
$4.5B (2019-09-26)

M&A Connections

Deals
Acquired from
Strategic(s)
33%
1 (33%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Oil/Gas Exploration

Established

2018

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