Canadian independent Valeura Energy is evaluating the new platforms and potentially also floating facilities that could be required to expand production at its Wassana oilfield offshore Thailand after a recent successful appraisal drilling campaign.
Valeura is remapping the field to integrate the new data from the drilling campaign and anticipates the results will yield an increase in its volumetric estimates.
Preliminary analysis indicates that an additional approximately 20 production well targets are now potentially viable within the reservoir section appraised by these two wells.
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.
