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Valeura has entered into a Sale and Purchase Agreement to acquire all of the shares of KrisEnergy International (Thailand) Holdings Ltd., which holds an interest in two shallow water offshore licences in the Gulf of Thailand – licence G10/48, containing the Wassana oil field and licence G6/48 containing the Rossukon oil field.  In addition, Valeura has agreed to purchase a 100% interest in a Mobile Offshore Production Unit, onsite at the Wassana oil field.  Valeura anticipates closing the transaction in Q2 2022.  Click here to read the Company’s announcement.

Upon completion, Valeura will have interests the following Thailand assets:

G10/48 (Wassana field) 

Valeura is purchasing an 89% operated interest in block G10/48, which contains the Wassana oil field, in water depth of approximately 48 metres in the Pattani basin, in the Gulf of Thailand. 

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G6/48 (Rossukon field)

Valeura is purchasing a 43% operated interest in block G6/48, which contains the undeveloped Rossukon oil field, in water depth of approximately 53 metres, in the Gulf of Thailand. 

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Valeura believes Thailand offers a stable and progressive operating environment for the Company to execute its strategy, within a prolific hydrocarbon basin.  Click here to read an overview of Thailand.