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).
Pandion Energy awarded new acreage in the 2024 APA licensing round
Pandion Energy has been awarded three licenses under the 2024 Norwegian APA (Awards in Predefined Areas) Licensing Round on the Norwegian Continental Shelf.
Successful appraisal well and new gas discovery in the Gjøa area
The results from the Ofelia appraisal well in PL 929 was announced today confirming volumes within the expected range of recoverable reserves. In addition, a new gas discovery was made in the Kyrre formation.
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.