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IS - Var Energi completes farm-out of Balder & Ringhorne stakes - August 2019

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Norwegian independent Var Energi completed the sale of non-operated stakes in three of its operated Norwegian Continental Shelf fields to Mime Petroleum. The transaction gives Mime 10% WI in the Balder and Ringhorne fields and 7.4% WI in the Ringhorne East field. Mime was formed in 2016 and is backed by Blue Water Energy. Var plans to commence a redevelopment of Balder and Ringhorne next year. Called “Balder X,” the project involves drilling 20......
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