Valeura has issued an update on drilling campaigns at its producing fields in the Gulf of Thailand.
Late last year the company completed an infill drilling program on the Jasmine Field followed by infill drilling on Nong Yao. In total, last year the company added 26 wells, with all the campaigns delivering new production and a probable extension to the field’s economic lives.
In mid-December 2023, Valeura mobilized its rig to the Wassana Field, where a new infill drilling program of three horizontal development wells is now underway. Production from Wassana, which had been suspended due to a change of FSO operator, restarted at the end of 2023.
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.
