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
24 October 2024
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place
23 October 2024
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
23 October 2024
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
22 October 2024
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026