Valeura Energy Inc. has acquired the Aurora floating storage and offloading (FSO) vessel, which is currently located at the Nong Yao Field, offshore the Gulf of Thailand.

Announced June 12, Valeura exercised its purchase option to acquire the vessel, which it had previously leased from a member of the Omni Offshore Terminals group. Valeura anticipates that owning, as opposed to leasing the FSO, will provide operational flexibility, allowing them to reduce operating expenses.

Valeura purchased the FSO for $19 million on June 11, with final handover occurring offshore on the vessel itself.