Valeura Energy Inc., the upstream oil and gas company with assets in the Gulf of Thailand and the Thrace Basin of Turkey, has announced the re-start of oil production at the Wassana field, offshore Gulf of Thailand.
Production resumed safely on December 8, 2023. In the coming days, Valeura intends to mobilize its contracted drilling rig to the field, and once in position, further wells will be brought online to ramp up production volumes. The company plans to conduct an infill drilling program comprised of three production-oriented horizontal development wells targeting deeper reservoir intervals within the field.
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.
