New Norwegian oil major already has a billion dollar revenue

Vår Energi, the result of a merger between Eni's Norwegian business and Point Resources, has published the figures for its first period as a merged entity. The numbers show a revenue of close to NOK 30 billion in 2018.

Point Resources AS
Photo: Point Resources AS

New Norwegian oil major Vår Energi has now published figures indicating the size of the company, which was created through a large-scale merger on the Norwegian shelf.

It was announced last year that Italy's Eni and equity fund HitecVision had agreed to merge Eni's Norwegian business with the fund's oil business, Point Resources AS.

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