Valleura Energy has entered into a Sale and Purchase Agreement with Mubadala Petroleum to acquire the Thailand upstream oil producing portfolio of Busrakham Oil and Gas, a subsidiary of Mubadala Energy. The Acquisition consists of operated interests in three offshore licences in the Gulf of Thailand that include the Nong Yao, Jasmine/Ban Yen and Manora oil fields.
PTT Exploration and Production Plc (PTTEP) is determined to increase petroleum production from the Erawan and Bongkot gas fields in the Gulf of Thailand to 1,500 metric million standard cubic feet per day (MMSCFD) in the next two years after lower domestic gas supply led to more imports of expensive liquefied natural gas.
A quick look at a few key features of the regulation of natural gas production in Thailand, including ownership and organisational structures and authorisation requirements.