Valeura Energy has received Thai government approval for its farm-in to two PTTEP blocks in the Gulf of Thailand, giving the company a 40% working interest in the offshore acreage. Thailand’s Cabinet approved the transfer of interests in Blocks G1/65 and G3/65 from PTTEP Energy Development Co., a subsidiary of PTT Exploration and Production (PTTEP), […]
The project is Thailand’s first CCS initiative and is designed to reach a capture and storage capacity of up to 1 million tonnes per year of carbon dioxide in a phased development process scheduled to start in 2028. PTTEP estimates the project will command investments of around USD 320 million over five years.
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The Department of Mineral Fuels is preparing to open bidding for petroleum exploration projects in nine terrestrial fields across Thailand before the end of this year in the hope of finding petroleum, natural gas and crude oil.
Valeura Energy Inc., the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Turkey, has announced the re-start of oil production at the Wassana field, offshore Gulf of Thailand.