Vår Energi creates new VP role for Aker Energy man

Norwegian oil and gas company Vår Energi has named Bjørn Thore Ribesen as its vice president Field Development & Projects.

Bjørn Thore Ribesen will join Vår Energi as VP Field Development & Projects on 1 June 2020. He will be located at the Vår Energi office in Forus, outside Stavanger.

The position VP Field Development & Projects is a new one in Vår Energi.

Bjørn Thore Ribesen comes from the position as Senior Vice President, Drilling & Wells in Aker Energy.

Vår Energi CEO, Kristin F. Kragseth, said: “We are very pleased with getting Bjørn Thore on board. In addition to his technical expertise, he is a highly experienced and well-liked leader.

“We are a company with ambitions, committed to a long-term development of the Norwegian Continental Shelf, and Bjørn Thore’s in-depth knowledge and long experience will be of high value going forward”.

According to the company, Bjørn Thore has over 25 years operational and strategic experience from international oil and gas industry. In Vår Energi, he will be in charge of the company’s development projects; Balder X being the most prominent.

The project represents an overall investment of over NOK 20 billion ($1.9 billion), and involves an upgrade of the Balder and Ringhorne fields in the North Sea. The project will extend production from the area to 2045.