Sandnes, Norway, 10 September 2025: Vår Energi ASA (OSE: VAR) announce that the Jotun FPSO has reached peak production ahead of schedule. This marks a significant milestone for the Company and the continued development of the Balder field in the North Sea, adding high value barrels towards 2045 and beyond.

The Jotun FPSO is now producing over 80 thousand barrels of oil equivalent per day (kboepd) gross, on top of current production of around 30 kboepd gross combined from the Balder Floating Production Unit (FPU) and Ringhorne facilities. The Jotun FPSO was brought onstream on 22 June 2025.

Nick Walker, CEO of Vår Energi, said:

“The achievement of this key milestone is another important step in delivering on Vår Energi’s transformative production growth target in 2025. The rapid ramp-up

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