Valeura Energy Inc. has entered into a farm-in agreement with PTT Exploration and Production Plc (PTTEP) to earn a 40% interest in Blocks G1/65 and G3/65, in the offshore Gulf of Thailand.
Valeura Energy has sanctioned a USD 120-million plan to redevelop the Wassana field offshore Thailand, the company said on Wednesday.
The project will target increased output and extended field life through a new central processing platform, replacing the ageing MOPU facility.