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).
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 Energy divests remaining NCS interests
Pandion Energy AS (“Pandion” or “Pandion Energy”) has entered into an agreement with Vår Energi ASA (Vår Energi) to divest all remaining participating interests on the Norwegian Continental Shelf (NCS). The transaction includes Pandion Energy’s interests in the producing Nova field, the Ofelia development project and the Sierra Solberg Rodriguez discovery, as well as four exploration licenses.
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.