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
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
