Valeura Energy Closes Gulf of Thailand Acquisition.
MANews-(C)2009-2022
Canada-based, Turkey-focused oil and gas company Valeura Energy Inc. (TSX: VLE) (LSE: VLU) has completed the acquisition of the entire share capital of KrisEnergy International (Thailand) Holdings Ltd., the company said.
Through its subsidiaries, Valeura is now the holder of an 89% operated working interest in Licence G10/48 containing the Wassana oil field and a 43% operated working interest in the planned Rossukon oil field development in Licence G6/481, in addition to its pre-existing interest in the Thrace basin tight gas appraisal play in Turkey.
The company's acquisition of the Mobile Offshore Production Unit Ingenium on location at the Wassana oil field, is proceeding as expected, according to the agreed phased payment schedule.
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