representative work

Valeura Energy to Acquire Thai Offshore Concessions from Mubadala Petroleum


On December 6, 2022, Valeura Energy Inc. announced that Valeura Energy Asia Pte. Ltd. and Mubadala Petroleum (Thailand) Holdings Ltd. have entered into a sale and purchase agreement under which Valeura Energy Asia has agreed to acquire the Thailand upstream oil producing portfolio of Busrakham Oil and Gas Ltd., a subsidiary of Mubadala.

The purchase consideration for the acquisition is US$10.4 million plus up to an additional US$50 million, contingent upon certain upside price scenarios. The transaction is expected to close in Q1 2023.

Cassels is acting as Canadian legal counsel to Valeura.