Vår Energi has announced the refinancing of its existing Reserved Based Lending facility with a USD 6 billion unsecured corporate credit facility provided in equal proportions by 12 international banks.
Vår Energi also announced that it has obtained a BBB credit rating from S&P and Baa3 from Moody’s.
Vår Energi is a full-cycle upstream oil and gas company, established in 2018 through the merger of Eni Norge and Point Resources, and is today the largest Norwegian Continental Shelf independent, with a H1 2021 production of 239,000 boepd and a 2P reserves base of 1,147 mmboe (SEC) as of year-end 2020. In addition to its producing assets, the Company has several projects under development; and has a proven track record of exploration success, as demonstrated by its participation in several significant discoveries in 2021.
Source: Var Energi
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