Set at the beginning of the 1980s oil boom in Norway, "Pioneer" follows a deep sea diver, Petter, who has the confidence to do the undersea work to bring the oil ashore. When he gets to work, though, things get more complicated than he anticipated.
Skjoldbær is best known for making the film "Insomnia," which was latar remade by American auteur Christopher Nolan, with Al Pacino in the lead role.
Magnolia cited their success with 2011's "Headhunters," another Norwegian film with similar producers, as one of the things that drew them to the "Pioneer" deal.
Magnolia bought the film after its first screening for buyers at the European Film Market. The deal was negotiated between Magnolia's SVP of Acquisitions, Dori Begley and Director of Acquisitions, Peter van Steemburg and TrustNordisk's CEO, Rikke Ennis and Head of Sales, Susan Wendt. Magnolia is planning a fall 2013 release for the film.