By Carlo Martuscelli

 

Var Energi was awarded 17 exploration licenses off the coast of Norway, said the company's majority owner ENI S.p.A. (ENI.MI) on Wednesday.

The licenses--seven of them operatorships and 10 partnerships--span the North, Norwegian, and Barents Seas.

Var Energi is a result of the merger of Point Resources AS with Eni Norge AS. The Italian energy major holds a 69.6% stake, with the remainder owned by HitecVision A/S (HITV.NO).

 

Write to Carlo Martuscelli at carlo.martuscelli@wsj.com; @carlomartu

 

(END) Dow Jones Newswires

January 15, 2020 05:03 ET (10:03 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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