Vår Energi: Third quarter 2026 trading update
Key Highlights
- ➤Q3 net production averaged 369 kboepd, down 2% quarter-over-quarter
- ➤2026 production guidance around 390 kboepd, below original 390-410 kboepd range
- ➤Q3 realised average price reached USD 103 per boe
- ➤Q3 cash flow faced approximately USD 1.1 billion in cash taxes
- ➤September dividend payment totaled USD 350 million
Vår Energi ASA Sandnes, Norway, 12 October 2026: Vår Energi ASA (OSE: VAR, the "Company") will publish its financial report for the third quarter 2026 on Wednesday 21 October. Today, the Company provides an update on production, sales volumes and other relevant items.
Vår Energi's net production of oil, liquids and natural gas averaged 369 kboepd in the third quarter of 2026, a decrease of 2% from the second quarter and flat compared to the third quarter last year. The Company expects full-year production of around 390 kboepd, compared to the original guidance of 390-410 kboepd, reflecting operational issues at Johan Castberg and the Jotun FPSO in July and production irregularities in the Åsgard area. Johan Castberg and Jotun FPSO have been producing at expected levels since early-August. None of the main production impacts are reservoir related and have been managed effectively.
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