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.
