Var Energi Plans 20 New Projects to Squeeze More Oil From Norway

Norwegian oil company Var Energi ASA plans to green-light a swath of new projects to maintain output from an aging basin into the next decade.

Chief Executive Officer Nick Walker said he wants to give the go-ahead to 20 projects “over the next few years,” targeting output of 350,000 to 400,000 barrels of oil equivalent a day through 2030 and beyond.