Important Notice: Unauthorised use of our company name “Pandion Energy AS”
We regret to inform that our company name, Pandion Energy AS, has been fraudulently used in recent hiring interviews and work offer approaches. These incidents have primarily occurred overseas. Please be aware that we are not currently hiring.
Reserve based lending facility – change in the Mandated Lead Arranger group
BNP Paribas, a lender in Pandion Energy`s reserve based lending (“RBL”) facility announced in 2023 an energy transition strategy which included an exit path from oil production financing. BNP Paribas has now transferred their shares in Pandion Energy`s RBL facility to Deutsche Bank, an incumbent lender, while also bringing aboard a new lender, SpareBank 1 SR-Bank.
Successful appraisal well and new gas discovery in the Gjøa area
The results from the Ofelia appraisal well in PL 929 was announced today confirming volumes within the expected range of recoverable reserves. In addition, a new gas discovery was made in the Kyrre formation.
Pandion in brief
The Company’s business model includes participating in the discovery, appraisal, development and production of oil and gas resources with a focus on upsides in and around proven assets with access to existing infrastructure.