Pandion Energy awarded two APA licenses

10 Jan 2023 13:53 CET

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
(https://www.npd.no/en/facts/production-licences/licensing-rounds/apa-2022/).

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 are in line with our strategy of being an active,
full-cycle partner driving value in high-quality assets on the NCS.”

For more information please visit: www.pandionenergy.no

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