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 acquires 20 percent of PL 891 from ConocoPhillips
Oslo, 17 July 2019:
Pandion Energy AS has entered into an agreement with ConocoPhillips Skandinavia AS to acquire a 20 percent interest in PL 891, containing the Slagugle prospect. The license is located in the prolific Haltenbanken area of the Norwegian Sea in blocks 6507/5, 6 and 8.
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Duva PDO approved
Oslo, 26 June 2019:
The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) for the Duva development (PL 636) where Pandion Energy holds a 20% interest.
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.