Nong Yao is a producing conventional oil field located in shallow water in Thailand and is operated by MP G11 (Thailand). According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block G11/48, with water depth of 246 feet.
An expansion project is associated with the Nong Yao, namely the Nong Yao Development. This project is currently in the construction stage, expected to start in 2024.
Field participation details
The field is owned by Palang Sophon and Valeura Energy.
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.