An offshore platform in the Gulf of Thailand
Valeura pivots to SE Asia
The independent has bought assets in Thailand and is looking at acquisitions elsewhere in the region
Toronto- and London-listed independent Valeura has signed a sales-and-purchase agreement to acquire and operate the Thai assets of Singapore’s bankrupt Krisenergy. The acquisition comprises 89pc of the Wassana field and 43pc of the Rossukon field for $3.1mn, plus contingency payments of up to $7mn and the purchase of an onsite mobile production unit for a further $9.2mn. Valeura intends to reactivate Wassana and reach 3,300bl/d of production by the fourth quarter of this year, while Rossukon is fully appraised but so far undeveloped. Proven and probable reserves at the fields—which are both in shallow waters in the Gulf of Thailand—total around 4mn bl. The remaining shares in Wassana and Ros
Also in this section
22 May 2025
The next energy crisis could come from the severing of the link between oil and gas prices, with potentially severe economic consequences
22 May 2025
With contract awards looming on the Kuwait-Saudi backed Dorra field, the long-stalled gas project appears finally to be gaining traction—despite Iranian objections
21 May 2025
From the upstream sector to the end-users, gas is no longer seen as a transition fuel or an afterthought, executives told attendees at the World Gas Conference
21 May 2025
Integrated refining and petrochemicals company highlights strategic flexibility amid trade war risks and long-term planning to futureproof business, says CEO Prabh Das
