Valeura Energy increases oil output with new drilling success at Jasmine Field

Valeura Energy has successfully completed a five-well infill drilling programme at its Jasmine field in the Gulf of Thailand, located in the B5/27 licence. Three new wells have been brought online from the Jasmine D platform, all designed as production wells.

The JSD-42 well was drilled at the crest of the primary target in the 250 sand reservoir and has been successfully completed as a producer. The well is currently producing oil at rates consistent with expectations. Additionally, the drilling process revealed five more potential production zones through secondary appraisal targets, with further oil-bearing intervals identified for possible future infill drilling.

Meanwhile, the JSD-41H and JSD-43H wells were drilled horizontally across more than 2,000 feet within the 680-1 sand reservoir. This development was aimed at more efficiently extracting oil from the already producing intervals.

As a result of these wells, oil production from the Jasmine field has increased by 26%, averaging 9,801 barrels per day. The rig that completed these wells has now moved to the Manora field on the Valeura-operated G1/48 licence to continue with additional infill drilling.

Valeura’s successful drilling campaign has not only boosted oil production at Jasmine but also set the stage for future production enhancements.

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

Valeura Energy boosts production and eyes future growth

Valeura Energy is making strategic advancements in the Gulf of Thailand, successfully completing its infill drilling campaign at the Manora field in Licence G1/48. This initiative has significantly boosted production, unlocking new opportunities for future development.

Valeura Energy

Natural Gas prices surge 160%

Natural gas prices have surged dramatically, rising more than 160% compared to this time last year, sending waves across key consuming markets including the United States and Europe. With colder-than-usual winters depleting previously abundant stockpiles, markets

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