02:45 AM EDT, 10/14/2026 (MT Newswires) -- Kistos (KIST.L) will buy 10% working interests in the PL 169E, PL 956, and PL 956B production licenses under a sale and purchase agreement with oil and gas company Vår Energi (VAR.OL). The London-listed energy company said Wednesday the transaction, which is subject to the Norwegian Ministry of Energy's approval, has an upfront payment consideration of $12.9 million that took effect on Jan. 1. The company added that the purchase will give working stakes in the Ringhorne fields, as well as add 4.3 million barrels of oil equivalent to its portfolio.

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