Canadian upstream player relocates to Singapore

Canadian independent Valeura is moving its management team to Singapore to be nearer to the company’s Thailand upstream operations that have pride of place in its portfolio.

In tandem with this move, Valeura has also brought on board some well known industry figures to bolster its executive leadership team.

Former KrisEnergy chief executive Kelvin Tang is joining Valeura as executive vice president of corporate, general counsel and corporate secretary.

Almost a year ago to the day, Valeura agreed to acquire Thai assets from the bankrupt operator KrisEnergy. This acquisition comprises two shallow-water blocks in the Gulf of Thailand – G10/48, where Valeura last month restarted production at the suspended Wassana oilfield, and G6/48, which hosts the undeveloped and fully appraised Rossukon oil discovery.

Meanwhile, Yacine Ben-Meriem has been appointed Valeura’s chief financial…