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    VARo — Var Energi ASA News Story

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    Brief: Vår Energi Expects FY 2026 Production Of Around 390 KBOEPD

    Picture of Var Energi ASA logoVar Energi ASA
    12/10/2026 06:08
    BRIEF-Vår Energi Expects FY 2026 Production Of Around 390 KBOEPD
    Oct 12 (Reuters) - Var Energi ASA VAR.OL:
    • VÅR ENERGI: THIRD QUARTER 2026 TRADING UPDATE
    • Q3 2026 AVERAGE REALISED PRICE (VOLUME-WEIGHTED) USD 103 PER BOE
    • Q3 2026 REALISED CRUDE PRICE USD 103 PER BARREL, USD 6 PREMIUM TO BRENT
    • EXPECTS FY2026 PRODUCTION OF AROUND 390 KBOEPD, BELOW ORIGINAL GUIDANCE
    • Q3 2026 REALISED GAS PRICE USD 108 PER BOE, USD 18 BELOW SPOT MARKET
    • Q3 2026 FREE CASH FLOW IMPACTED BY NOK 10.8 BILLION TAX, USD 100 MILLION ACQUISITION, USD 350 MILLION DIVIDEND
    • Q3 2026 TOTAL VOLUMES PRODUCED 34.0 MMBOE; VOLUMES SOLD 34.8 MMBOE
    • Q3 2026 NET PRODUCTION AVERAGED 369 KBOEPD, DOWN 2% FROM Q2
    • GUIDANCE REFLECTING OPERATIONAL ISSUES AT JOHAN CASTBERG AND JOTUN FPSO IN JULY AND PRODUCTION IRREGULARITIES IN ÅSGARD AREA
    Source text: ID:nWkr9YnS1m
    Further company coverage: VAR.OL

     (Gdansk Newsroom)
     ((gdansk.newsroom@thomsonreuters.com;))

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