CALGARY, Canada— Valeura Energy says two recent appraisal wells on the Wassana Field in the Gulf of Thailand have increased its estimate of the recoverable oil.
The company has now started the concept select phase for a project to expand the development to capitalize on this increased potential.
Wassana was offline for much of the third quarter following a precautionary suspension on July 7 to address issues with operating practice on the third-party owned and operated FSO.
Valeura plans to appoint a new subcontractor to operate the vessel, with production resuming shortly.
