Valeura Energy takes FID on Bussabong gas Phase 1 development offshore Thailand
Bitget2026/09/22 06:10- Valeura took FID with PTTEP to launch Phase 1 development of the Bussabong gas field in Thailand’s offshore Block G3/65.
- Net capex for facilities, installation, pipelines seen at about USD 35 million in 2027-2028; drilling 25 wells adds USD 20-25 million.
- First gas targeted for end-2028; sales gas output guided at 30 mmcf/d in 2029, rising to 40 mmcf/d in 2030.
- Project ties two wellhead platforms to PTTEP’s Bongkot processing hub via a 9 km pipeline, avoiding new processing build.
- Block interest transfer to Valeura, a 40% non-operated stake, expected as an administrative step in late September or early October 2026.
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