representative work

Valeura Energy Completes Strategic Acquisition in Gulf of Thailand


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.