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
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
6 March 2026
The March 2026 issue of Petroleum Economist is out now!
6 March 2026
After Europe’s rapid buildout of floating LNG import capacity, Exmar CEO Carl-Antoine Saverys says future growth in floating gas infrastructure will increasingly be driven by developing markets as lower prices, rising energy demand and the need to replace coal unlock new opportunities for unconventional and tailor-made solutions
