Valeura Energy ramps up production offshore Thailand

Valeura Energy has boosted production at its Nong Yao oilfield offshore Thailand following an infill drilling campaign.

The Canadian operator recently drilled two horizontal infill wells at Nong Yao on Block G11/48 in the Gulf of Thailand — operations that were completed ahead of schedule and under budget.

The wells encountered about 1000 and 700 feet of net oil pay, respectively, in their horizontal sections, confirming pre-drill reservoir simulation results. The duo has come on stream as oil producers at a combined initial gross rate of about 1350 barrels per day of crude.

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

Natural gas reclaims centre stage

The International Energy Agency’s latest Global Energy Review paints a bullish picture for natural gas, revealing its strongest growth in years. As Asia’s appetite surges and LNG becomes increasingly pivotal, investors are being drawn to the

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.