![floating storage and offloading (FSO) vessel](/sites/default/files/styles/hart_news_article_image_640/public/image/2024/06/fso.jpg?itok=nQM9uCVq)
A floating storage and offloading (FSO) vessel. (Source: Shutterstock)
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
Halliburton’s Low-key M&A Strategy Remains Unchanged
2024-04-23 - Halliburton CEO Jeff Miller says expected organic growth generates more shareholder value than following consolidation trends, such as chief rival SLB’s plans to buy ChampionX.
Iraq to Seek Bids for Oil, Gas Contracts April 27
2024-04-18 - Iraq will auction 30 new oil and gas projects in two licensing rounds distributed across the country.
E&P Highlights: April 22, 2024
2024-04-22 - Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards.
Deepwater Roundup 2024: Americas
2024-04-23 - The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.
Technip Energies Wins Marsa LNG Contract
2024-04-22 - Technip Energies contract, which will will cover the EPC of a natural gas liquefaction train for TotalEnergies, is valued between $532 million and $1.1 billion.