![]() ![]() This will replace the existing electricity generation from gas turbines at the platform and offset CO2 emissions by nearly 200,000 tonnes per annum from 2027. The project calls for major modifications to be made to the existing platform at the Draugen oil field so that it receives power from shore through a cable. The LOI in turn follows the completion of front-end engineering and design (FEED) work carried out by the Norwegian contractor. The signing of the contract follows a letter of intent (LOI) announced by Aker Solutions in December 2022. Without revealing the exact value of the contract, Aker Solutions said that it is in the range of NOK2.5bn ($243m) and NOK4bn ($388m). OKEA and Aker Solutions have signed a contract pertaining to the Draugen electrification project, offshore Norway with the latter selected as the main contractor for engineering, procurement, construction, and installation (EPCI). - Pandion Energy awarded three APA licenses on the Norwegian Continental Shelf.The project calls for major modifications to be made to the existing platform at the Draugen oil field so that it receives electricity from shore through a cableĪker Solutions signs EPCI contract for the Draugen electrification project with OKEA.- Pandion Energy acquires the operations of ONE-Dyas in Norway with an outlook to more than double daily production.- Pandion Energy completes acquisition of ONE-Dyas Norge AS.- Pandion Energy : First oil at the Nova field.- Pandion Energy : Successful discovery in the Gjøa area.- Pandion Energy : New discovery north-west of Draugen in the Norwegian Sea.- Pandion Energy awarded two APA licenses.Voir la fiche entreprise de " 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. The partners in the license are: Neptune Energy (operator, 30%), OKEA ASA (30%), Pandion Energy AS (20%) and Vår Energi ASA (20%) The well was drilled by the Deepsea Yantai, a semi-submersible rig owned by CIMC and operated by Odfjell Drilling. Well 6407/8-8S was drilled to a vertical depth of 3496 metres and encountered an estimated 8 metre thick gas column and 30-metre thick oil column in a 131 metres thick Garn Formation sandstone reservoir, of good to very good quality. The Calypso discovery is located 14 kilometres north-west of the Draugen field and 22 kilometres north-east of the Njord A platform. Pandion Energy is also partner in the Neptune Energy operated Ofelia discovery in the North Sea announced in August (link). “We would like to congratulate both the operator Neptune Energy and the Deepsea Yantai team on yet another successful drilling operation.” The partners in the Calypso license will now study options to effectively develop the discovery using nearby infrastructure." ![]() Pandion Energy actively targets near field exploration opportunities which allow for low cost and low carbon developments. "This is our fifth consecutive discovery in mature areas on the Norwegian continental shelf. ![]() VP Exploration & Appraisal, Bente Flakstad Vold stated the following: ![]() Preliminary volume estimates are between 1 and 3.5 million standard cubic meters (MSm3) of recoverable oil equivalents, corresponding to 6-22 million barrels of oil equivalent (boe). Pandion Energy holds a 20 per cent participating interest in the license which is operated by Neptune Energy. A new discovery with commercial potential was announced following drilling on the Calypso prospect in PL 938 in the Norwegian Sea. ![]()
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