On March 22, 2023, Valeura Energy Inc., an upstream oil and gas company with assets in the offshore Gulf of Thailand and the Thrace Basin of Turkey, completed a transformative Gulf of Thailand acquisition from Mubadala Petroleum (Thailand) Holdings Limited. Through its wholly-owned subsidiary, Valeura Energy Asia Pte. Ltd., Valeura acquired a 100% operated interest in Licence B5/27 containing the Jasmine and Ban Yen oil fields, a 90% operated working interest in Licence G11/48 containing the Nong Yao oil field, and a 70% operated working interest in Licence G1/48 containing the Manora oil field.
Cassels acted as Canadian transaction and financing counsel for Valeura.