OSLO: Pandion Energy AS has launched its Strategy to Net Zero Carbon Emissions and announced that it has become one of the first E&P companies on the Norwegian continental shelf to achieve Carbon Neutrality in 2020 for Scope 1 and 2 CO2 emissions. Pandion Energy recognises that climate change is of critical importance to the…
OSLO: Pandion Energy AS has entered into an agreement with Wintershall DEA Norge AS (Wintershall DEA) to acquire a 2.5 percent interest in PL 820 S and a 15 percent interest in PL 617. Through this transaction, Pandion Energy increases its interest in PL 820 S to 12.5 percent. In March, Pandion Energy announced the…
OSLO: Aker BP and Pandion Energy submitted the plan for development and operation for Hod to the Ministry of Petroleum and Energy. The field will be developed with a Normally Unmanned Installation (NUI) remotely operated from the Valhall field centre and run on power from shore. Hod is one of the first projects to be…
OSLO: The Board of Directors of Pandion Energy has approved sanctioning of the Hod development project. The project was originally scheduled for approval in March but was put on hold due to the outbreak of the COVID-19 pandemic and subsequent collapse in global demand for oil. On Monday 8 June, the Norwegian Government and the…
OSLO: Pandion Energy, a private oil and gas company with licenses on the Norwegian Continental Shelf, has announced the discovery of oil and gas in production license 820 S through the drilling of exploration well 25/8-19 S, including sidetracks A and A2. The exploration well, including sidetracks, proved hydrocarbons at five different intervals. Preliminary evaluation…