Valeura Energy makes three oil discoveries in Gulf of Thailand campaign

Valeura Energy has made three further oil discoveries with its latest drilling campaign in the Gulf of Thailand.

The Nong Yao-13 well in the offshore G11/48 concession, drilled to a TVD of 3,342 ft, encountered more than 30 ft of new oil pay across several intervals.  And the program confirmed that oil had migrated into this part of the block, previously viewed as a risk in the Nong Yao D area.

Productive intervals discovered are relatively shallow zones not produced elsewhere on the concession, and the reservoirs could recur across the Nong Yao D area, warranting further analysis on the seismic data.

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 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

Valeura Energy

Valeura Energy completes restructuring of Thai operations

Valeura Energy Inc., a Canadian company focused on petroleum and natural gas exploration and production, recently finalised a reorganisation of its subsidiaries in Thailand. This internal restructuring now consolidates Valeura’s interests in the Nong Yao, Manora,

Valeura Energy

Valeura Energy driving growth and innovation in Thailand

Valeura Energy, a Canadian oil and gas firm, has carved a significant presence in the Gulf of Thailand, strategically positioning itself as one of the leading producers in the region. Since acquiring assets from KrisEnergy and

Valeura Energy

Opportunities for energy development in Thailand

Thailand presents a unique opportunity for energy exploration and production. The country benefits from proven petroleum systems and relatively favourable offshore operating conditions in shallow waters. Mid-life oil fields offer potential to extend their lifespan through