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 completes divestment of remaining NCS interests to Vår Energi
Pandion Energy AS has completed the divestment of all its remaining participating interests on the Norwegian continental shelf to Vår Energi ASA, following approval from the Norwegian Ministry of Energy. The transaction closed on 30 September 2026.
Development plan submitted for the Ofelia field
Vår Energi, operator of PL929, has today, together with its partners, submitted the Plan for Development and Operations (PDO) for the Ofelia development to the Ministry of Energy. This constitutes the fifth PDO for Pandion Energy on the Norwegian Continental Shelf (NCS). Pandion Energy holds a 20% interest in PL 929.
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.