
Concedo completes acquisition of Fenja and Vidsyn
We are pleased to announce the completion of our acquisition of a 25% interest in licenses PL 586 and PL 586 B. The transaction has received all necessary approvals from Norwegian authorities.


We are pleased to announce the completion of our acquisition of a 25% interest in licenses PL 586 and PL 586 B. The transaction has received all necessary approvals from Norwegian authorities.

Joining OFFB (The Operator’s Association for Emergency Response) gives our team access to an experienced emergency response network as we prepare for future operations. We look forward to working closely with the team at OFFB and the rest of the operator community.

Concedo is pleased to announce the acquisition of a 25% interest in the Fenja and Vidsyn assets (PL 586 and PL 586 B) from Vår Energi. This transaction marks a major milestone for the company, increasing Concedo’s pro forma daily production in Q2 2026 from 1 200 to 3 200 boepd.
Vår Energi’s stock exchange announcement:
24.05.2024 14:47:41
Vår Energi sells Bøyla asset as part of portfolio optimisation
Vår Energi ASA Sandnes, Norway 24 May 2024: Vår Energi ASA (OSE: VAR) has signed an agreement with Concedo AS for the disposal of a 20% interest in the Bøyla field for a consideration of USD 24 million.
“The transaction is aligned with our stated ambition to dispose of non-strategic assets to optimise our portfolio of assets; reducing our operating costs and emission outlook and enhance future value creation” says Stefano Pujatti, CFO of Vår Energi.
The transaction is subject to customary regulatory approvals and is expected to close in the fourth quarter 2024, with effective date 1 January 2024. Concedo will assume full decommissioning liabilities for the acquired field. The transaction does not impact Vår Energi’s previously announced production guidance for 2024, year-end 2025 and beyond.
The Bøyla field is a mature producing field located in the North Sea operated by Aker BP (80%). The field started production in 2015 and is developed with a subsea template tied-back to the Alvheim FPSO. Vår Energi’s net production from the Bøyla field was approximately 1.4 kboepd in first quarter 2024.
Houlihan Lokey acted as exclusive financial advisor to Vår Energi on the transaction and Advokatfirmaet Schjødt as legal advisor.
