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    1. Drilling & Completion

    Valeura targets first oil from Nong Yao offshore Thailand in 2024

    April 18, 2023
    Valeura Energy is looking to spend about $75 million over the next two years on developing the Nong Yao C oil accumulation in the Gulf of Thailand.
    Related To: Valeura Energy Inc.
    Courtesy Valeura Energy
    Valeura holds an operated interest in five shallow-water offshore licenses in the Gulf of Thailand.
    Valeura holds an operated interest in five shallow-water offshore licenses in the Gulf of Thailand.
    Courtesy Valeura Energy's "Potential Gulf of Thailand Acquisition" December 2022 presentation
    Valeura Energy Map

    Offshore staff

    CALGARY, Canada — Valeura Energy is looking to spend about $75 million over the next two years on developing the Nong Yao C oil accumulation in the Gulf of Thailand.

    This year’s expenditure will go toward installing a new mobile offshore production unit, currently under construction but expected to mobilize to the field during the fourth quarter, with development drilling starting shortly afterward.

    The company expects to drill the first four of nine planned wells by year-end, with first oil following in first-quarter 2024. It is targeting about 11,000 bbl/d net from the development later next year.

    04.18.2023

    Related

    Photo 98099804 © Marko Bukorovic | Dreamstime.com
    Gulf Of Thailand
    Courtesy VesselFinder.com
    The JAKA TARUB vessel is a crude oil tanker built in 1999 and sails under the flag of Liberia.
    Courtesy Valeura Energy
    Valeura holds an operated interest in two shallow-water offshore licenses in the Gulf of Thailand: license G10/48, which contains the Wassana oil field, and license G6/48, which contains the Rossukon oil field. In addition, Valeura is purchasing a 100% interest in a mobile offshore production unit onsite at the Wassana Field. The transaction closed on June 15.
    Courtesy Valeura Energy "ANNUAL GENERAL MEETING JUNE 23, 2022" presentation
    Wassana Oil Field Reactivation