Valeura Energy mobilises offshore unit and expands development drilling program in Thailand

Valeura Energy has announced the mobilization of a Mobile Offshore Production Unit destined for its Nong Yao field while also providing a development drilling update at the Wassana field. Both fields are located offshore Thailand.

The company is currently executing a development drilling program on its Wassana field and in light of favorable initial results, has opted to expand the scope of the program from three horizontal wells to five. All three wells drilled so far have encountered their targets in line with expectations.

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. 

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Valeura Energy

More articles like this

Valeura Energy

Natural Gas rebounds amid rising demand

February Nymex natural gas prices rebounded as traders covered shorts amidst surging European gas prices. Warm US weather and EIA draw forecasts also in focus.

Valeura Energy

Valeura Energy completes Jasmine Field drilling, boosting output

Valeura Energy Inc (TSX:VLE, OTCQX:VLERF) has announced the successful completion of an infill drilling campaign at the Jasmine field in Licence B5/27 (100% operated working interest), offshore Gulf of Thailand. Dr. Sean Guest, Valeura Energy President and

Valeura Energy

Valeura Energy completes restructuring of Thai operations

Valeura Energy Inc., a Canadian company focused on petroleum and natural gas exploration and production, recently finalised a reorganisation of its subsidiaries in Thailand. This internal restructuring now consolidates Valeura’s interests in the Nong Yao, Manora,