Pandion Energy Completes Sale of Duva Interest to Solveig Gas

Source Press Release
Company Pandion Energy ASPGNiG SASolveig Gas Norway AS 
Tags Asset Deals, Deals, Upstream Activities
Date December 31, 2019

Pandion Energy AS and  Solveig Gas Norway AS have completed their previously announced transaction, whereby Pandion Energy has sold 10% non-operated interests in PL 636, comprising the Duva oil and gas field, and PL 636B.

The Duva oil and gas field is located in the northern North Sea and was discovered in the autumn of 2016. The Plan for Development and Operation (PDO) was approved in June 2019 with first production expected in late 2020 / early 2021.

Pandion Energy has also sold 10% non-operated interests in the same licenses to PGNiG Upstream Norway AS. This transaction is expected to be completed early 2020.

Source: EvaluateEnergy® ©2022 EvaluateEnergy Ltd