Valeura Energy Inc. (TSX:VLE) entered into an agreement to acquire Upstream oil producing portfolio of Busrakham Oil and Gas Ltd for $60.4 million on December 6, 2022. The transaction is expected to complete in the first quarter of 2023.Tracey Renshaw and Matt Davies of DLA Piper UK LLP acted as legal advisor to Valeura Energy Inc. Jackson Allen, Suparerk Auychai, Meredith Campion, Helena Nguyen, Geoff Simpson and Gemma Witt of Allen & Overy acted as legal advisor to Busrakham Oil and Gas Ltd. Cassels Brock & Blackwell LLP acted as legal advisor to Valeura Energy Inc.