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OESAAnalysis

Field · North Sea

Varg

Varg is an oil field in the North Sea, discovered in 1984. Status: shut down. Operator: Repsol Norge AS.

Shut downOil

Status
Shut down
Contains
Oil
Sea area
North Sea
Operator
Repsol Norge AS
Discovered
1984
Approved for production
3 May 1996
Production start
22 Dec 1998
Shut down
2 Jun 2016
Supply base
Tananger
Sodir ID
43451

Show on the globeFact page at the Norwegian Offshore Directorate

Production

Last 12 months
0 no production Aug 2025–Jul 2026
Peak year
2000 1.74 million Sm³ o.e.
0.00.51.01.5 2000: 1.74 million Sm³ o.e.20002001: 1.19 million Sm³ o.e.2002: 0.79 million Sm³ o.e.20022003: 0.92 million Sm³ o.e.2004: 1.21 million Sm³ o.e.20042005: 1.28 million Sm³ o.e.2006: 0.85 million Sm³ o.e.20062007: 0.80 million Sm³ o.e.2008: 0.70 million Sm³ o.e.20082009: 0.79 million Sm³ o.e.2010: 1.42 million Sm³ o.e.20102011: 0.97 million Sm³ o.e.2012: 0.65 million Sm³ o.e.20122013: 0.46 million Sm³ o.e.2014: 0.56 million Sm³ o.e.20142015: 0.41 million Sm³ o.e.2016: 0.21 million Sm³ o.e.2016

OilGasNGLCondensate

The figures start in 2000; the field started producing in 1998, so production before 2000 is not included.

Show the figures as a table
Production per year, Vargmillion Sm³ o.e.
YearOilGasNGLCondensateTotal
20160.100.090.010.000.21
20150.320.080.010.000.41
20140.400.130.020.010.56
20130.460.000.000.000.46
20120.650.000.000.000.65
20110.970.000.000.000.97
20101.420.000.000.001.42
20090.790.000.000.000.79
20080.700.000.000.000.70
20070.800.000.000.000.80
20060.850.000.000.000.85
20051.280.000.000.001.28
20041.210.000.000.001.21
20030.920.000.000.000.92
20020.790.000.000.000.79
20011.190.000.000.001.19
20001.740.000.000.001.74

Marketable production in million standard cubic metres of oil equivalent (Sm³ o.e.), per month from the Norwegian Offshore Directorate, summed per year. Gas in billion Sm³ equals million Sm³ o.e. Figures up to and including July 2026. The conversion to barrels per day uses 1 Sm³ ≈ 6.29 barrels.

Reserves

The Norwegian Offshore Directorate's estimate as of 31 Dec 2025. Originally recoverable is everything the field is expected to produce; remaining is what is left.

Reserves in Varg
ProductOriginally recoverableRemainingUnit
Oil16.330.00million Sm³
Gas0.300.00billion Sm³
NGL0.020.00million tonnes
Condensate0.020.00million Sm³
Total o.e.16.690.00million Sm³ o.e.

According to the estimate, 100 % of the recoverable reserves have been produced.

Licensees

Licensees in Varg, updated by Sodir 12 Aug 2026
CompanyShareValid from
Repsol Norge ASOperator70.00 %20 Mar 2026
Petoro AS30.00 %20 Mar 2026

Facilities

The Norwegian Offshore Directorate has no facilities registered on the field.

Sources

Sokkeldirektoratet, the Norwegian Offshore Directorate (FactMaps and FactPages), Norwegian Licence for Open Government Data (NLOD). Field data retrieved 28 Sep 2026, production 27 Sep 2026, licensees and reserves 28 Sep 2026. factpages.sodir.no · NLOD