Vår Energi ASA

Regulatory Filings • Jun 27, 2025

Ormen Lange phase III starts production, adding important gas volumes to Europe

Ormen Lange phase III starts production, adding important gas volumes to Europe

Sandnes, Norway, 27 June 2025: Ormen Lange, operated by Shell, has started

subsea compression to boost production from the gas field, ahead of plan and

below budget. The project is an important contributor to reaching Vår Energi's

target of producing more than 400 thousand barrels of oil equivalent per day in

fourth quarter this year.

The Ormen Lange phase III project consists of two subsea compression stations

with the objective of increasing field recovery from 75% to 85%. The Plan for

Development and Operation (PDO) estimates that subsea compression will recover

an additional 30-50 billion cubic meters (BCM) of gross gas production from the

Ormen Lange field.

Ormen Lange is a gas field located in the Norwegian Sea, 120 km from the onshore

processing and export facility at Nyhamna. The gas is exported to European

markets through Langeled and the Norwegian gas export system.

Shell is operator (17.8%) of the Ormen Lange field, with Vår Energi (6.3%),

Petoro AS (36.5%), Equinor Energy AS (25.3%) and Orlen Upstream Norway AS (14%)

as partners.

Contact

Investor relations

Ida Fjellheim, VP Investor relations

+47 905 09 291

ida.fjellheim@­­­varenergi.no

Media relations

Liv Jannie Omdal, VP Communication

+47 976 67 137

liv.omdal@­varenergi.no

About Vår Energi

Vår Energi is a leading independent upstream oil and gas company on the

Norwegian continental shelf (NCS). We are committed to deliver a better future

through responsible value driven growth based on over 50 years of NCS

operations, a robust and diversified asset portfolio with ongoing development

projects, and a strong exploration track record.

Safe and responsible operations are at the core of our strategy. Our ambition is

to be the safest operator on the NCS, and to become carbon neutral in our net

equity operational emissions by 2030.

Vår Energi has around 1400 employees and equity stakes in 42 producing fields.

We have our headquarters outside Stavanger, Norway, with offices in Oslo,

Hammerfest and Florø. To learn more, please visit varenergi.no.