Pandion seeking entry to ConocoPhillips Norway license

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Offshore staff

OSLO, NorwayConocoPhillips has agreed to farm down a 20% interest in a license in the Norwegian Sea to Pandion Energy.

PL 891 covers blocks 6608/10, 11, and 12 in the Haltenbanken area of the Norwegian Sea and was awarded under Norway’s 2016 APA licensing round.

Assuming approval for the transaction by Norway’s Ministry of Petroleum and Energy, ConocoPhillips will look to drill the Slagugle prospect in 2020 or 2021.

Jan Christian Ellefsen, Pandion’s CEO, said: “Once again we have identified and secured an attractive exploration opportunity close to existing fields and discoveries in the Norwegian Sea. Together with the upcoming wells in PL 842 (Godalen) and PL 263 D & E (Appolonia), we now have a portfolio of three exploration wells in this prolific part of the Norwegian continental shelf.”

07/17/2019

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