By Giulia Petroni

 

Eni SpA said Tuesday that oil-and-gas company Var Energi has won 10 exploration licenses from the Ministry of Petroleum and Energy of Norway.

The Italian energy giant said the licenses consist of five operatorships--the right to operate a well or field--and five partnerships, distributed across the North Sea, the Norwegian Sea and the Barents Sea.

Var Energi is jointly owned by Eni and private-equity firm HitecVision AS. Eni has a 69.85% stake in the company.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

January 19, 2021 06:30 ET (11:30 GMT)

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