Concedo ASA signed an agreement to acquire 20% stake in Bøyla Asset from Vår Energi AS (OB:VAR) for $24 million on May 24, 2024. The transaction is subject to customary regulatory approvals and is expected to close in the fourth quarter 2024, with effective date 1 January 2024. Concedo will assume full decommissioning liabilities for the acquired field.

The field is 80% operated by Aker BP. Houlihan Lokey, Inc. acted as exclusive financial advisor to Vår Energi AS (OB:VAR). Advokatfirmaet Schjødt As acted as legal advisor to Vår Energi AS (OB:VAR).