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Valeura Energy retains drilling rig in Thailand

Valeura Energy (VLE) has chartered a jack-up drilling rig to support its Gulf of Thailand operations.

The Calgary-based oil and gas company is scheduled to start next year.

The PV Drilling I rig is expected to mobilize to the Wassana oil field in the second quarter of 2023.

Crews will first conduct an initial scope of work comprised of the company’s five-well infill drilling program.

Valeura Energy Inc (TSX:VLE) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play. 

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