Valeura Energy Inc. has acquired the Aurora floating storage and offloading (FSO) vessel, which is currently located at the Nong Yao Field, offshore the Gulf of Thailand.
Announced June 12, Valeura exercised its purchase option to acquire the vessel, which it had previously leased from a member of the Omni Offshore Terminals group. Valeura anticipates that owning, as opposed to leasing the FSO, will provide operational flexibility, allowing them to reduce operating expenses.
Valeura purchased the FSO for $19 million on June 11, with final handover occurring offshore on the vessel itself.
Recommended Reading
Financiers: Family Offices Worldwide are Queuing to Invest in E&P
2024-10-11 - U.S. family offices have stepped in quickly to fill the void left by other investors while family desks abroad have been slow to move but they’re watching closely, financiers say.
The Karl Rove Oil Executive Poll Result: The Industry Is Not Happy
2024-10-03 - A show of no hands revealed more than 400 attendees at Hart Energy’s Energy Capital Conference are not happy with U.S. politics today—and have no confidence it will be better after Nov. 5.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.