The Canadian energy company Valeura plans to resume drilling in 2022 with a new partner in Turkey’s gas-rich Thrace Basin, according to company CEO Sean Guest.
Guest told Anadolu Agency (AA) that Valeura sold its conventional gas production in the Thrace Basin earlier in 2021 to a U.K.-based company, TBNG Limited, which is continuing operations in northwestern Tekirdağ province to supply gas as Valeura once did.
However, Valeura still holds all the rights to the deep tight gas play, in which there are significant resources.
Valeura Energy Inc (LON:VLU) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.