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The review will consider various alternatives, including a possible Initial Public Offering (“IPO”). Eni will continue to retain a majority stake in the Company, while preserving equity accounting.
Vår Energi is a full-cycle E&P company, established in 2018 through the merger of Eni Norge and Point Resources, and today is the largest pure-play Norwegian Continental Shelf independent, with a production of 239,000 boepd in H1 2021 and a 2P reserves base of 1,147 mmboe (SEC) as of year-end 2020.