Var Energi Accelerates Efforts in Exploring the Potential of CCS and Acquires Feistein CCS

Source Company Press Release
Company Var Energi ASA
Tags Country: Norway, M&A: Corporate Deal, Deals, Segment: CCS/CCUS
Date July 11, 2023

Vår Energi accelerates decarbonisation efforts through carbon storage application opportunities on the Norwegian continental shelf (NCS). 

Carbon capture and storage (CCS) will play a key role in meeting global energy and climate goals and the NCS holds significant potential for carbon storage.  

Vår Energi accelerates efforts in exploring the potential of CCS and acquires Feistein CCS – a company specialising on maturing large-scale, cost-efficient CO2 storage opportunities.  

A strategic fit, according to EVP Technology, Drilling & Subsurface in Vår Energi, Ingrid Sølvberg: 

Technological development and investments in low-emission solutions is needed to support the pathway to net zero, and the acquisition of Feistein CCS accelerates our position and competence on CO2-storage. We are a predictable, reliable, and low emission provider of energy, and decarbonisation activities are a natural part of being a pure play oil and gas company on the NCS.  

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