INPEX acquires Norwegian Continental Shelf assets

The transaction includes 10% participating interest in producing Valhall and Hod fields (PL006B, PL006G, PL033 and PL033B), 20% participating interest in the Slagugle discovery (Pl 891 and PL 891B), and 20% participating interest in the Mistral discovery (PL1119).

Alex Procyk

Oct. 31, 2025

Key Highlights

· INPEX acquires assets in seven NCS production licenses from Pandion Energy AS.

· The transaction includes interests in Valhall field, Hod field, the Slagugle discovery, and the Mistral discovery.

INPEX Idemitsu Norge AS has acquired assets in seven production licenses on the Norwegian Continental Shelf (NCS) from Pandion Energy AS.

The transaction has been completed following the fulfilment of customary closing conditions, including approval by the Norwegian Ministry of Energy. Pandion Energy retains a producing base through its 10% interest in Nova field and continues to mature its discoveries, most notably Ofelia and Sierra Solberg, towards the development stage.

About the Author

Alex Procyk

Upstream Editor

Alex Procyk is Upstream Editor at Oil & Gas Journal. He has also served as a principal technical professional at Halliburton and as a completion engineer at ConocoPhillips. He holds a BS in chemistry (1987) from Kent State University and a PhD in chemistry (1992) from Carnegie Mellon University. He is a member of the Society of Petroleum Engineers (SPE).