Manora is a producing conventional oil field located in shallow water in Thailand and is operated by MP G1 (Thailand). According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block G1/48, with water depth of 151 feet.
Field participation details
The field is owned by Tap Oil and Valeura Energy.
Production from Manora
The Manora conventional oil field recovered 87.60% of its total recoverable reserves, with peak production in 2015. Based on economic assumptions, production will continue until the field reaches its economic limit in 2025. The field currently accounts for approximately 1% of the country’s daily output.
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.
