Vår Energi ASA to acquire BlueNord ASA in a merger to create Europe's largest independent oil and gas producer

Type: Acquisition · Technology: Oil Gas · Country: Norway · Announced: 2026-07-28

Norwegian oil company Vår Energi ASA has agreed to acquire BlueNord ASA in a proposed statutory merger, aiming to create Europe’s largest independent oil and gas producer. The transaction will expand Vår Energi's operations beyond the Norwegian Continental Shelf for the first time, adding BlueNord's producing assets on the Danish Continental Shelf. The combined entity is expected to reach a long-term production target of approximately 450,000 barrels of oil equivalent per day and hold around 2.4 billion boe in reserves and resources. The deal is anticipated to close by year-end 2026, subject to BlueNord shareholder approval, regulatory clearances, and consent from license partners.

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