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
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
