As the upstream oil and gas industry evolves, managing end-of-life projects has become a defining challenge for operators and investors alike.

Across the Asia-Pacific, the complexities of transaction structuring, potential disputes, and the allocation of future liabilities are prompting critical discussions. The spotlight is now firmly on decommissioning risk, requiring careful navigation by companies dealing with mature upstream assets. Bringing significant expertise to this conversation, Valeura Energy will take a prominent role in an upcoming Asia-Pacific industry discussion focused entirely on these pressing issues.

Kelvin Tang, Valeura Energy's Executive Vice President, Corporate and General Counsel, is scheduled to speak at an Asia Chapter event in Singapore on 30 September 2026. The session aims to provide a comprehensive examination of how decommissioning obligations are treated across diverse Asia-Pacific markets. Furthermore, it will explore how those lingering obligations can affect mergers, acquisitions, and the broader landscape of future corporate liabilities.

The Impact of Decommissioning on Mature Assets

For companies engaged in buying, selling, and operating mature upstream assets, the topic of decommissioning is of direct relevance. The reality of the oil and gas sector is that decommissioning costs and environmental responsibilities can remain securely tied to an asset long after production decisions have been made. Consequently, liability allocation has transformed into a fundamental component of strategic transaction planning.

When operators acquire or divest mature fields, failing to thoroughly account for end-of-life asset retirement can lead to profound operational and financial consequences. The upcoming event will systematically address these precise challenges, providing clarity on the legal frameworks governing the Asia-Pacific region.

Key themes defining the upcoming discussion include:

• Transaction Structuring: Appropriately allocating risks and future costs during complex upstream mergers and acquisitions.
• Dispute Resolution: Mitigating potential conflicts that frequently arise over the long-term stewardship of mature fields.
• Liability Allocation: Ensuring that decommissioning costs do not unexpectedly destabilise a balance sheet after active production ceases.
• Market Nuances: Understanding the varied regulatory approaches to decommissioning obligations across different Asia-Pacific jurisdictions.

Kelvin Tang's Extensive Industry Experience

For Valeura Energy, participating in this discussion is closely aligned with Tang's extensive professional background. Boasting more than 18 years of experience within the international oil and gas sector, his career encompasses a broad spectrum of critical disciplines. Tang's expertise is not strictly limited to legal affairs; it actively covers daily operations, business development, and executive management.

Before joining Valeura Energy, Tang was Head of Business Development at Hibiscus Petroleum. Prior to that, his leadership credentials were fundamentally shaped at KrisEnergy, where he served as Chief Executive Officer. His ascent to the CEO role followed successful tenures as Chief Operating Officer and General Counsel. Notably, KrisEnergy was the direct predecessor to Valeura Energy's initial corporate interests in Thailand.

This rich career trajectory gives Tang direct exposure to the myriad of intricate issues covered by the Singapore event. His practical understanding of acquisition structures, operating responsibilities, and the specific legal treatment of long-term liabilities makes him a highly authoritative voice on decommissioning risk.

Valeura Energy’s Strategic Corporate Outlook

The emphasis on meticulous transaction planning and long-term asset stewardship perfectly mirrors the broader operational philosophy of Valeura Energy Inc (TSX:VLE). Operating strictly as an upstream oil and gas company, Valeura maintains a clear, forward-looking strategy designed to add consistent value for its shareholders over the coming years.

Central to the company’s current market position is its robust financial foundation. Valeura has a remarkably strong balance sheet, effectively positioning the organisation for potential inorganic growth opportunities in both the near and medium-term. Beyond its immediate merger and acquisition prospects, the business boasts substantial longer-term upside potential. This optimistic outlook is heavily driven by an operated deep, tight gas play that serves as a cornerstone of their portfolio. As the Asia-Pacific energy sector continues to grapple with the complex realities of mature fields and legacy infrastructure, Valeura's proactive approach to discussing decommissioning risk highlights its readiness to safely navigate the modern upstream landscape.