Valeura Energy has restarted oil production at the Wassana Field offshore Gulf of Thailand.
A contracted rig will mobilize shortly to start an infill drilling program comprising three horizontal development wells targeting deeper reservoir intervals.
The campaign is designed to raise production above 4,000 bbl/d. The rig will then relocate to start Valeura’s Nong Yao C development early in 2024.
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.