Thailand is a low-cost operating area
More to come in Thailand for Valeura
The Canadian indie is already undergoing rapid growth and is looking for further opportunities in the Southeast Asian country
Calgary-based Valeura recently signed a “transformative” SPA with Abu Dhabi’s Mubadala for the state-owned investor’s entire upstream oil portfolio in Thailand. The Canadian independent expects the deal to close this quarter, CEO Sean Guest tells Petroleum Economist. At the time of the deal, the assets’ production totalled “approximately 21,000bl/d from three separate fields”, comprising Jasmine, Manora and Nong Yao, which are in the “mid-to-late” periods of their operational lifespans, explains Guest. “There is still growth potential within this portfolio,” he continues. “While we expect a slow decline in production from the large fields like Jasmine and Manora, we still have the Nong Yao f
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