Successful Country Entry into Thailand
Valeura Energy has successfully entered Thailand, executing key projects like the Wassana oilfield development and a farm-in with PTTEP, setting the company for long-term growth in the region.
Financial Metrics Improvement
All operating financial metrics have improved compared to the previous year and quarter, with strong margins even at current oil prices and a significant strengthening of the balance sheet.
Production and Cost Efficiency
Current production in November is higher than any quarterly averages in 2025, with OpEx heading towards the lower end of guidance, indicating effective cost management.
Emission Reductions
Valeura has achieved a 30% decrease in emissions intensity since taking over assets a year ago.
PTTEP Deal Enhances Acreage
The farm-in with PTTEP increases Valeura's acreage position significantly, providing diversity and long-term growth opportunities in Thailand.
Positive Financial Performance
There is a notable increase in production (up 7% from last quarter) and lifting (up 14%), with OpEx per barrel reduced significantly to $24.8.
Strong Cash Position
Valeura's cash position and adjusted net working capital have nearly doubled compared to the previous year, providing a solid financial foundation.