Pandion Energy has been awarded two licenses under the 2022 Norwegian APA (Awards in Pre-defined Areas) Licensing Round on the Norwegian Continental Shelf.

The APA award was announced by the Ministry of Petroleum and Energy on Tuesday 10 January. For more information about the APA 2022 Licensing Round see Ministry of Petroleum and Energy’s website.

Pandion Energy has been awarded the following licenses:

   - License PL 1180 in blocks 35/9,12 and 36/7,10 is located in the Greater Gjøa area in the North Sea. Pandion Energy has been offered a 30 percent participating interest in PL 1180.
   - License PL 1149 B is additional acreage to PL 1149 located west of the Nova field in the North Sea. Pandion Energy holds a 30 percent interest in the license.

CEO of Pandion Energy, Jan Cristian Ellefsen stated the following:
"We are pleased that we have been awarded the areas we applied for in the APA 2022 licensing round. The licences are located in one of our core areas and fit well with our existing portfolio including the Nova field which was put on stream during 2022 and the recent Ofelia discovery in production license 929. This year’s APA awards is in line with our strategy of being an active, full-cycle partner driving value in high-quality assets on the NCS."

About Pandion Energy

Pandion Energy is an independent, full-cycle oil and gas company driving value by maturing resources to reserves in high quality assets on the Norwegian continental shelf.