| | | Valeura Energy Inc. Announces Strategic Farm-in Agreement with PTTEP
Strategic Farm-in Agreement with PTTEP
Major Offshore Acreage Expansion Creates New Growth Platform in the Gulf of Thailand
CALGARY, AB / ACCESS Newswire / July 25, 2025 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ("Valeura" or the "Company") is pleased to announce that it has entered into a Farm-in Agreement with PTT Exploration and Production Plc ("PTTEP"), through its subsidiary, PTTEP Energy Development Company Limited to earn a 40% interest in Blocks G1/65 and G3/65 (the "Blocks"), in the offshore Gulf of Thailand (the "Farm-in")........................................
..................... Key Highlights
· Strategic Partnership: Farm-in Agreement with PTTEP, the largest oil and gas explorer, producer, and operator in Thailand;
· Substantial Acreage Expansion: Increases Valeura's gross acreage position in Thailand from 2,623 km² to 22,757 km²;
· Prime Location Adjacent to Major Infrastructure: The Blocks are strategically positioned next to some of Thailand's largest producing gas fields and Valeura's oil fields;
· Discoveries: 15 oil and gas discoveries on the Blocks, supported by 27 wells which encountered oil and gas pay;
· Infrastructure-Led Growth: Existing discoveries and exploration prospects that the Company believes can be tied back quickly to existing oil and gas infrastructure; and
· Immediate Activity: Exploration and appraisal work already underway with 3D seismic acquisition planned to commence in the coming months.
accessnewswire.com |
|
