Valeura Energy Inc. T.VLE

Alternate Symbol(s): VLERF

Energy Oil & Gas E&P

Valeura Energy Inc. is an upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and the Thrace Basin of Turkiye. The Company holds an operating working interest in four shallow water offshore licenses in the Gulf of Thailand, which include G10/48 (Wassana field), B5/27 (Jasmine and Ban Yen fields), G1/48 (Manora field) and G11/48 (Nong Yao field). It holds a 100% operating interest in license B5/27 containing the producing Jasmine and Ban Yen oil fields. It holds an operated 70% working interest in license G1/48 containing the Manora oil field, which produces approximately 2,935 barrels per day (bbls/d) of medium-weight sweet crude oil. The Company holds interests ranging from 63% through 100% in various leases and licenses in the Thrace basin. The Company is also pursuing organic and inorganic growth in Southeast Asia.

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Valeura Energy Inc. > Mubadala enters Thai Premier League

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Comment by Hannamukon Jan 21, 2023 1:10pm

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Post# 35237466

RE:Mubadala enters Thai Premier League

Mubadala welcome Valeura payment on this big deal!

Hannamuk wrote:
Contract extensions were officially awarded to PTTEP in early 2019 for the Bongkot and Erawan legacy fields. Mubadala Petroleum will partner PTTEP at Erawan with a 40% share in the new contract.

PTTEP, is already a major shareholder at Bongkot, where it currently partners with TotalEnergies. PTTEP will operate the new contract alone from 2023. However, given the huge investment needed to keep production going at both the ageing fields, the Thai player will welcome strategic investors.

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A junior copper-gold stock trading at a bargain of monumental proportions