Valeura Energy Inc (TSX:VLE, OTCQX:VLERF) has announced the successful ramp-up of oil production at its Nong Yao C development, in Licence G11/48 , offshore Gulf of Thailand.
The greater Nong Yao complex is now operating at its full processing capacity, with stable average production over the past seven days of 13.4 mbbls/d (12.1 mbbls/d net to the Company’s 90% working interest share, before royalties). This production, when combined with the Wassana field being back online has resulted in stable aggregate oil production over the past week of 26.2 mbbls/d (Company’s working interest share, before royalties).
Dr. Sean Guest, Valeura Energy President and CEO commented:
“I am very pleased to see the Nong Yao complex operating at its full capacity just two weeks after we announced first production from the Nong Yao C development. Commissioning of the new facility and the ramp up in production proceeded rapidly, and without incident. Production has been stable for the past week from six of the development wells. A seventh well is expected to be started within the coming weeks, to create spare production capacity.
