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.
The PL 929 development forms part of the Gjøa Subsea Projects, comprising the Ofelia, Gjøa Nord and Cerisa discoveries as a coordinated development tied back to the Gjøa and Duva infrastructure.
Pandion Energy was awarded PL 929 in in the 2017 APA licensing round, the Ofelia discovery was announced in August 2022 and appraised in 2023.
Pandion Energy has maintained a strategic presence in the Greater Gjøa area since its establishment. The company’s experience in the area dates back to the Cara discovery in 2016, later renamed Duva, which was successfully developed and brought on stream in 20211).
On 18 June 2026, Pandion Energy announced that it had entered into an agreement with Vår Energi to divest all its remaining participating interests on the NCS, including PL 929. Completion of the transaction remains subject to customary closing conditions, including approval from the Norwegian Ministry of Energy.
For further information, please refer to Vår Energi’s press release: Read Vår Energi announcement
Additional information is available from the Norwegian Ministry of Energy (in Norwegian only): Read Ministry article
1): Pandion Energy’s 20% interest in PL636 was divested in 2019.
