Valeura Energy (TSE:VLE) has released an update.
Valeura Energy Inc. has successfully completed the acquisition of the Aurora Floating Storage and Offloading (FSO) vessel at its Nong Yao field in the Gulf of Thailand, enhancing operational efficiency by transitioning from leasing to ownership. The $19 million purchase was financed through the company’s cash reserves, with the transaction finalized on June 11, 2024. This strategic move is expected to offer Valeura greater operational flexibility and cost savings in its ongoing oil and gas production activities.
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