Eni — Rest of Europe E&P (Var Energi / Ithaca) — oil & natural gas project
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Project information
As at 31 December 2025
Description
As at 31 December 2025
Eni's equity-accounted European upstream interests held through the 63%-owned Var Energi in Norway and the 36%-owned Ithaca Energy in the United Kingdom. The 2025 start-up of the Balder X oilfield (Var Energi) and the Johan Castberg field supported production. Equity-accounted Rest of Europe held net proved reserves of 381 mmbbl liquids and 1,229 bcf gas (617 mmboe).
Oil & Gas metrics
As at 31 December 2025 · 1P
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Reserves & resources — detail
As at 31 December 2025
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