OSLO, Norway – Norwegian independent Pandion Energy has started applying new digital solutions to its geological and geophysical data.
The company’s goals are to foster innovation and improve the efficiency of its oil and gas exploration programs across the Norwegian continental shelf (NCS).
Kerogen Capital, the company’s financial backer, selected Pandion Energy as its first pilot case for developing an advanced digital subsurface platform (KAI), as part of a wider series of energy technology investments under Kerogen Digital Solutions.
This has led to Pandion teaming up with Computas and Google and assembling a dedicated digitalization team comprising machine learning, data science and geoscience specialists.
Jan Christian Ellefsen, Pandion’s CEO, said the company was the first non-operator partnering with Google on the NCS, and said the company’s track record since start-up shows it is in a strong position to swiftly test and implement new digital solutions. Being backed by Kerogen Capital represents further opportunities with regard to cooperation and sharing across the industry.
Last December, the company’s daily production averaged 5,000 b/d, less than a year after joining Aker BP as a partner in the Valhall and Hod fields in the southern North Sea, and 18 months after pre-qualification to become a partner on the NCS.
It expects to raise its production further through new projects such as the Cara and Valhall West Flank developments.