When was Var Energi founded?

Var Energi was founded in 1965 and raised its 1st funding round 51 years after it was founded.

Where is Var Energi located?

Var Energi is headquartered in Sandnes, Norway. It is registered at Vestre Svanholmen 1, 4313, SANDNES.

How many employees does Var Energi have?

As of Jun 30, 2026, the latest employee count at Var Energi is 1262.

Is Var Energi a funded company?

Var Energi is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Unattributed round, raised on 2016.

When was the latest funding round of Var Energi?

Var Energi's latest funding was a $***** Conventional Debt round on Nov 02, 2021, with participation from 0 investor.

Where does Var Energi rank among its competitors?

Var Energi ranks 64th amongst 1538 active competitors, of which 117 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was OMV Group, which secured an undisclosed amount in Feb, 2024.

Who are the top competitors of Var Energi?

Var Energi's top competitors include Aramco, Petrobras and OMV Group. Among them, OMV Group secured the most recent funding round in February, 2024.

Var Energi - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Vår Energi is an independent oil & gas exploration and production (E&P) company on the Norwegian continental shelf (NCS) with an average production of 170K+ barrels of oil equivalent per day(boepd). It has 800 employees at the offshore fields and onshore office locations and headquarters at Forus in the Stavanger region and branch offices in Hammerfest and Oslo. In 2022, the company recorded annual revenues of $9.83B and a net profit of $0.94B.

Website: varenergi.no
Email ID: *****@varenergi.no
Phone Number: +47 **********
Registered Address: Vestre Svanholmen 1, 4313, SANDNES

Key Metrics

Founded Year

1965

Location

Sandnes, Norway

Stage

Public

Latest Funding Round

Conventional Debt, Nov 02, 2021, $*****

Investors

HitecVision

Ranked

64^th among 1538 active competitors

Employee Count

1,262 as on Jun 30, 2026

Investment & Acquisitions

Feistein CCS & 2 more

Similar Companies

Aramco & 1486 more

Exit Details

Public

View Var Energi's full profile

Var Energi is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
VÅR ENERGI ASA CIN: 919160675 , Norway, Active		-	950 (As on Dec 31, 2021)
VÅR ENERGI ASA CIN: 919160675 , Norway, Active	May 19, 1965	-	1082 (As on Dec 31, 2022)

Var Energi got listed on Feb 16, 2022.

Click here to take a look at Var Energi's IPO in detail

Var Energi has raised funding over 2 rounds. Its first funding round was on 2016. Var Energi has 1 institutional investor.

Here is the list of recent funding rounds of Var Energi:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 02, 2021	9871408	Conventional Debt	8427142	1697350	8944578	6034283
2016	1972	Unattributed	7410	9455	HitecVision	6688

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View details of Var Energi's funding rounds and investors

Var Energi's employee count trend

Var Energi has 1,262 employees as of Jun 26. Here is Var Energi's employee count trend over the years:

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Top competitors of Var Energi include Aramco, Petrobras and OMV Group. Here is the list of Top 10 competitors of Var Energi, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Aramco 1993, Dhahran (Saudi Arabia), Public	Provider of exploration and production services for oil and gas sector	-	Janse Capital, Public Investment Fund & 5 others	70/100
2nd	Petrobras 1953, Rio de Janeiro (Brazil), Public	Provider of oil and gas exploration services	-	Helios, BNDES & 2 others	69/100
3rd	OMV Group 1956, Vienna (Austria), Acquired	Provider of oil & gas exploration and production services	-	ADNOC, ADNOC & 2 others	68/100
4th	Devon Energy 1971, Oklahoma City (United States), Public	Exploration and Production company	$3.78B	Colt Ventures, Windcrest Partners & 2 others	68/100
5th	Gran Tierra Energy 2003, Calgary (Canada), Public	Provider of oil & gas exploration and production services	-	Montrose Capital Partners, IFC Asset Management Company ... Read more	68/100
6th	Antero Resources 2002, Denver (United States), Public	Independent oil and gas exploration and production company	$71.8M	Trilantic Capital Partners North America, Shah Capital ... & 3 others	67/100
7th	Hess 1993, New York City (United States), Acquired	Exploration and production of crude oil and natural gas	-	Chase, Omega Advisors & 3 others	67/100
8th	MEG Energy 1999, Calgary (Canada), Acquired	Exploration and Development Company Focused on Oil Sands in Alberta	$54.4M	Azimuth Capital Management, Denham Capital ... & 3 others	66/100
9th	PGNiG 1982, Warsaw (Poland), Acquired	State-controlled exploration of oil and gas company	-	YouNick	66/100
10th	NOVATEK 1994, Moscow (Russia), Public	Provider of oil and gas exploration, production and other services	-	Taaleri, Alfa Fortress Capital Group & 1 others	65/100
64th	Var Energi 1965, Sandnes (Norway), Public	Independent oil & gas exploration and production company	-	HitecVision	54/100