VLE, CA9191444020

Valeura Energy stock: Bussabong gas plan sets new spending benchmark

Published on 11/03/2026 at 16:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Valeura Energy stock heads toward November 11 results as Thailand projects move from discovery to development. A new gas plan adds a defined capital framework.

Thailand Projects Gain More Definition

Bussabong has a defined offshore design, spending framework and first-production target for the end of 2028.
Wassana remains the nearer production milestone, with first oil targeted for early in the second quarter of 2027.
Valeura plans to publish full unaudited third-quarter results on November 11, 2026.

VLE, CA9191444020, Illustration mit AI erstellt.

Valeura Energy stock traded at 10.35 euros on Lang & Schwarz at 16:35 CET on Tuesday, November 3, 2026. The latest project detail gives investors a clearer view of the capital required for the company’s longer-dated gas strategy.

Valeura’s third-quarter operating update, published on October 7, reported production of 22.1 thousand barrels of oil per day before royalties, cash of 384.9 million US dollars at September 30 and no debt. The company also reported the Suraphi oil discovery, a final investment decision for the first phase of Bussabong and progress on the Wassana redevelopment. The Valeura Energy Q3 2026 Operations Update sets out the company’s operating milestones.

The Journal of Petroleum Technology reported on November 1 that Bussabong will use two gas wellhead platforms in water depths of 75 to 90 metres. A 9-kilometre subsea pipeline is planned to connect the development with processing infrastructure at the Bongkot gas field. First production is targeted for the end of 2028.

Gas Development Adds Capital Visibility

The same report put projected Bussabong capital expenditure at 35 million US dollars over two years, with a further 20 million to 25 million US dollars projected for drilling 25 development wells. The figures provide a more specific framework for assessing the project’s future funding needs, although execution, approvals and offshore construction remain important conditions.

Wassana is the nearer operating test. Valeura completed onshore construction of its central processing platform on October 1 and continues to target first oil around the beginning of the second quarter of 2027. Development drilling is planned for late 2026, while Suraphi appraisal and development decisions could determine how much of the discovery becomes additional production.

The company intends to release its full unaudited third-quarter financial and operating results on Wednesday, November 11, 2026, followed by a management webcast. The report should provide the next detailed view of cash generation, project spending and execution timing.

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