Valeura Energy is shifting its development efforts into high gear across multiple producing assets in the Gulf of Thailand. With drilling campaigns accelerating and infrastructure upgrades coming online, the company is strategically positioning itself for production growth and operational efficiency gains.
Valeura Energy has returned to its Jasmine field in licence B5/27 to commence a seven-well infill drilling programme, building on last year’s successful activity. In total, 2025 will see the drilling of ten development and appraisal wells on Jasmine, plus an additional well on the nearby Ratree prospect. Concurrently, a workover rig is carrying out two workovers at Jasmine, further enhancing the field’s deliverability.
A key infrastructure milestone is also approaching, as the newly delivered low-BTU gas generator for Jasmine B platform is slated for commissioning in Q2. The unit is designed to utilise a waste gas stream for power generation, significantly reducing both emissions and operating costs—an efficiency and sustainability win.
In the Nong Yao field, Valeura is preparing for a nine-well development drilling campaign across its three platforms, with operations expected to kick off in the latter part of Q2. This field remains a central piece of Valeura’s near-term production enhancement strategy.
The company has also finalised Front-End Engineering Design (FEED) for a potential redevelopment of the Wassana field. Contracting and procurement efforts are now underway to validate cost assumptions, with a final investment decision anticipated early in Q2—signalling further upside potential for the portfolio.
Earlier this year, Valeura completed a five-well drilling campaign at the Manora field, targeting both infill production and appraisal zones. The results have unlocked up to five new drilling targets, offering the opportunity to further expand reserves and production through future programmes.
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.
