A sharp eye
for NCS opportunities
Our commitments to
sustainable operations
A sharp eye
for NCS opportunities
From management buyout to full-cycle oil and gas company
Pandion Energy was established in November 2016 on the basis of the operational platform and six licences acquired from Tullow Oil Norge AS in a management buy-out, backed by Kerogen Capital. Today, Pandion Energy is a full-cycle oil and gas company, participating in the discovery, appraisal, development and production of oil and gas resources on the Norwegian continental shelf (NCS).
Pandion Energy’s divestment in the Valhall and Hod fields, and the Slagugle and Mistral discoveries completed
As announced on 22 July 2025, Pandion Energy entered into an agreement to sell its participating interests in three assets, comprising seven production licenses on the NCS, to INPEX Idemitsu Norge AS. The transaction has now been completed following the fulfilment of customary closing conditions, including approval by the Norwegian Ministry of Energy.
Appraisal well confirms Slagugle oil discovery
The results from the second appraisal well 6507/5-12 S at the Slagugle oil discovery in production license 891 was announced today. Preliminary assessments indicate that the discovery is within the pre-drill resource estimates. Pandion Energy holds a 20 per cent interest in PL 891.
Pandion in brief
Pandion Energy is an independent, full-cycle oil and gas company driving value by maturing resources to reserves with a focus on upsides in and around proven assets with access to existing infrastructure.