Pandion Energy has farmed down a 5% participating interest in PL 820S and 820SB to Vår Energi with effective date 1 January 2022. The transaction is one of multiple transactions bringing Vår Energi’s participating interest in these licenses to 30% in total. Following the transaction, Pandion Energy’s participating interest will be 7.5% in both licenses. It has further been agreed between the partners in PL 820 and 820SB to propose that Vår Energi is appointed operator.