Pandion agreed to acquire Aker BP's 30% equity in Norwegian Sea licence PL842 on 31 December 2018. The deal value has not been released and will be effective from 1 January 2019, pending regulatory approval. PL842 covers blocks 6608/10, 11 & 12 (425 sq km) located adjacent to the ENE of the producing Norne oil field. The licence was awarded on 5 February 2016 in APA 2015 and the drill decision has been taken as of 5 November 2018. Partners now have two years to drill a well, currently scheduled for 2019. PL842 current partners are Cairn Energy subsidiary Capricorn Norge AS (40% + Op), Skagen44 AS (30%) and Aker BP ASA (30%). 
Pandion agreed to acquire Aker BP's 30% equity in Norwegian Sea licence PL842 