Var Energi ASA is selling its Brage assets in the Central North Sea near Bergen, Norway, to Petrolia NOCO AS as part of a focus on portfolio optimization. Var Energi has signed an agreement to divest its 12.2575 percent in the Brage Unit, the company said in a recent news release. The transaction value was not disclosed. Var Energi expects the transaction to close by the end of the year and does not expect it to have an impact on the company's production guidance for 2023. The transaction is subject to normal regulatory approvals. The Brage Field is a late-life producing field located in the Central North Sea operated by OKEA ASA with a 35.2 percent interest. The field started production in 1993 and comprises a production, drilling, and quarters platform.