Valeura CEO Sean Guest
Canada’s Valeura eyes fresh deals after Thai expansion
The company is also working to sustain output from its Thai-focused portfolio into the 2030s
“Last year was all about closing the Mubadala and KrisEnergy deals,” paying off debt and “bringing three companies together”, explained Sean Guest, CEO of Toronto-listed Valeura. The Canadian company acquired bankrupt Singaporean firm KrisEnergy’s Thai assets, as well as the Thai portfolio of the local subsidiary of the UAE’s Mubadala Energy, in a pair of deals that has refocused the company on Southeast Asia and greatly increased its production. Integration of the acquired assets is now complete, stated Guest. As a result, Valeura now has four fields—Wassana, Manora, Jasmine and Nong Yao—in Thai waters. But upon acquisition, their respective reserve life indices were “a concern among the in
Also in this section
9 April 2026
The April 2026 issue of Petroleum Economist is out now!
9 April 2026
Offshore operators are working through an FID backlog as the rig market consolidates, helped by improving project economics and a renewed security drive
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
