A sharp eye for NCS opportunities
Pandion Energy is a private, full-cycle oil and gas company on the Norwegian continental shelf
driving value by maturing resources to reserves in high quality assets.
Pandion Energy completes sale of Duva interest
Oslo, 03 February 2020:
Pandion Energy AS and PGNiG Upstream Norway AS have completed their previously announced transaction, whereby Pandion Energy has sold 10% non-operated interests in PL 636, comprising the Duva oil and gas field, and PL 636B.
Pandion Energy has with this completed the sale of it’s 20% non-operated interests in the Duva oil and gas field and associated licenses
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Pandion Energy awarded two new APA Licenses
Oslo, 14 January 2020:
Pandion Energy has been awarded two licenses under the 2019 Norwegian APA (Awards in Pre-defined Areas) License Round on the Norwegian Continental Shelf.
Pandion in brief
A private, full-cycle oil and gas company on the Norwegian continental shelf driving value by maturing resources to reserves in high quality assets.
Pandion Energy is a private oil and gas company with interests in licenses on the Norwegian continental shelf (“NCS”), headquartered in Oslo. The company was founded in November 2016 to perform a management buyout of the operational platform and licenses of Tullow Oil Norge AS.
Pandion Energy’s strategy is to be an active and responsible partner in driving value in high quality assets, based on a full cycle investment mandate.
The company is backed by Kerogen Capital, an independent private equity fund manager specialising in the international energy sector. Pandion Energy has a team of highly experienced oil and gas professionals with strong and proven subsurface, financial and commercial competence, as well as extensive project execution experience on the NCS.
Our business model
Our business model is to be an active and responsible partner in driving value in high quality assets, based on a full cycle investment mandate. 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. Other sources of attractive growth opportunities include mergers and acquisitions, farm-ins and participation in licensing rounds.
Our ability to create long-term, lasting value rests on maintaining high standards of governance, sustainable business practices and operations.
As an integral part of this, we strongly believe that sound business decisions are a product of a strong team, an active board and a competent owner.