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.
Farm down in PL 820S and 820SB to Vår Energi
OSLO, NORWAY, 15 Aug 2022