In October 2020, Valeura agreed to sell its conventional gas business, including all production, substantially all reserves, and all infrastructure assets effective July 1, 2020. The transaction is expected to close in Q1 2021.
The infrastructure assets include an 81.5 per cent. operated interest in a natural gas gathering grid and associated sales lines, as shown in the image.
Under agreement with the purchaser of the conventional gas production business, Valeura will retain access to local gas markets via the existing gas transportation infrastructure, for use in testing future deep tight gas appraisal wells.