From GlobeNewswire: 2025-05-14 03:57:00

Valeura Energy Inc. has made a final investment decision on the redevelopment of the Wassana field in the Gulf of Thailand, projecting significant value for shareholders. The project includes a new-build central processing platform to optimize full block potential, with first oil expected in Q2 2027. Reserves have increased to 20.5 million bbls, extending the field life to 2043. The project is fully funded, with an estimated US$120 million investment. The redevelopment is expected to deliver strong economics, with an estimated 40% IRR at $60/bbl Brent oil prices. The company remains committed to creating sustainable value for shareholders through disciplined capital allocation and growth opportunities.



Read more at GlobeNewswire: Final Investment Decision on Wassana