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 CEO commented:
“I am very pleased with our drilling performance at Jasmine, which has resulted in aggregate oil production rates of nearly 10,000 bbls/d (before royalties) over the last seven days. Maintaining oil production at this asset is key to generating ongoing cashflow from our portfolio. In addition, the fact that we continue to see appraisal successes at this relatively mature field bodes well for our objective to further extend the economic life of the asset. We expect the results of these wells, and the recent production rates to be considered as part of our year-end reserves assessment, and to support our target of achieving more than a 100% reserves replacement ratio.”
Valeura Energy drilled a five well programme, comprised of two infill development wells on the Jasmine A platform, completed in September 2024 and previously announced, and more recently, three infill development wells on the Jasmine D platform, which were all successful and have been brought online as producers while also successfully appraising several additional reservoir intervals.
