Pandion Energy AS and Wintershall Dea Norge AS have completed their previously announced transaction, whereby Pandion Energy has acquired a 2.5% non-operated interest in PL 820S, comprising the Iving oil and gas discovery announced in 2020, and a 15% non-operated interest in PL 617. Following completion, Pandion Energy holds a 12.5% interest in PL 820S and a 15% interest in PL 617.
PL 820S is located in blocks 25/7 & 8, north-northwest of the Balder and Ringhorne fields. The partnership is currently planning an appraisal campaign to be carried out later this year.
PL 617 is located in block 2/9, east-northeast of the Valhall & Hod fields. Earlier this year, the partnership drilled an exploration well on the Eidsvoll prospect. The well was reported dry.