Valeura remains active in Thai waters
Thai oil production poised for modest rebound
Efforts by independents and NOC PTTEP will help boost production this year, but the sector is increasingly mature
Thailand’s oil output looks set to rise slightly in the coming months amid activity by independents, but any longer-term recovery is likely to remain dependent on NOC PTTEP. Singapore-based independent Northern Gulf Petroleum expects to begin production from its Rossukon oilfield in November at a rate of around 10,000–12,000b/d. Rossukon is in Block G6/48, which is 100% owned by Northern Gulf Petroleum. The independent secured full ownership through the acquisition of a 43% stake from Calgary-based Valeura Energy in the second quarter. Q4 2023 – Planned Wassana restart Valeura itself acquired that share in G6/48 from now-bankrupt Singaporean firm KrisEnergy. Prior to its divestment t
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