Canada-based oil and gas company Valeura Energy has agreed with Petrovietnam Drilling and Well Service Corporation to charter a jack-up drilling rig to support its Gulf of Thailand operations in 2023.
Following a sale and purchase agreement in April 2022, Valeura completed the acquisition of the entire share capital of KrisEnergy International last June. As a result, the company now holds an operated 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.
Valeura Energy Inc (TSX:VLE) 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.