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 also operates Floating Storage and Offloading (FSO) vessel Aurora, location at Nong Yao field, offshore Gulf of Thailand.

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Valeura Energy Inc

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Comment by bxjuon Mar 16, 2016 11:54am

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Post# 24664844

RE:JV?

$2 billion worth of drilling from Turkish Petroleum

DAILY SABAH WITH ANADOLU AGENCY

ISTANBUL

PublishedFebruary 14, 2016

A total of $2.68 billion - $1.796 billion for international and $272 million for national investment - worth of resources is planned to be allocated to Turkish Petroleum's (TP) oil and natural gas searches and production this year. According to data from the Energy and Natural Resources Ministry's 2016 budget presentation, Turkey's national investment in oil and natural gas search has reached $627 million from $90 million, a six-fold increase, since 2002. Around $272 million of the total $452 million projected for oil and natural gas searches within the country will be assigned to TP this year.

Investments are made both within and outside the country in order to contribute to Turkey's raw oil and natural gas supplies. Accordingly, of the $424 million allocated for national investments last year, TP will be assigned nearly $273 million this year.

Regarding international investments, TP has invested $1.6 billion as of the end of the previous year, and it has been projected that $1.796 billion will be invested this year for international searches and production activities. Continuing its search in southeastern Anatolia and the Black Sea regions in Turkey, TP is currently running searches in Iraq, Libya, Afghanistan and Russia. The company is continuing its development projects in Central Asia, the Middle East, Africa and Latin America. While an equivalent of 22 million barrels of oil were produced last year, this amount is expected to reach 22.4 million barrels this year

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