PTTEP and Valeura Energy advance the Bussabong gas field development with a $35 million FID, targeting 30-40 million cubic feet per day of production by 2030 via existing Bongkot infrastructure.
Valeura reaches FID on its first organic gas development in Thailand, with $35m capex for its 40% working interest and first gas targeted for end-2028.
PTTEP as operator advances the Bussabong gas project with partner Valeura, reinforcing its Gulf of Thailand gas portfolio.
PTTEP and Valeura Energy have reached a final investment decision for phase one of the Bussabong gas field in the Gulf of Thailand. The project, which targets first gas by late 2028, involves a $35 million capital expenditure for Valeura's 40% stake and utilizes existing infrastructure at the nearby Bongkot field to streamline production.
The Bussabong project represents Valeura's first organic gas development in its Thailand portfolio, marking a key milestone in its strategy to diversify and expand its regional footprint.