Vår Energi resumes Barents, North Sea drilling campaign

Vår Energi will resume drilling in late autumn 2020 in the Barents Sea and the North Sea after postponement earlier this year due to the COVID-19 pandemic and oil price collapse.

The campaign includes two producers and one water injector at Goliat field in PL 229 in the Barents Sea, and the King Prince exploration well near Balder-Ringhorne field in the North Sea. Saipem-owned Scarabeo 8 will do the drilling.

Activity has resumed from temporary changes in the petroleum tax, adopted by the Norwegian parliament in June, triggering a positive employment effect in the rig market.

Vår Energi is jointly owned by Eni (69.6 %) and HitecVision (30.4 %).