
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.
Concedo AS is very pleased with the recent awards in the APA 2021 Concession Round. Three licences were awarded to Concedo: Two licences in the North Sea and one in the Barents Sea. The two licenses in the North Sea are additional acreage to existing production licences (PL882 and PL1043).
The awarded license in the Barents Sea is owned by Concedo with 50%, and the Operator is Vår Energi with a 50% share. Vår Energi is also the Operator of the nearby Goliat field.

