Valeura delivers first oil from latest Nong Yao project offshore Thailand

Valeura Energy has achieved first oil from the Nong Yao C development in license G11/48 in the Gulf of Thailand.

The first of seven planned development wells came online today, to be followed by further successive well start-ups.

Over the next few weeks, Valeura expects production to ramp up and then level off at about  11,000 bbl/d for the remainder of the year.

“We have executed an efficient drilling program, which came in below budget and has achieved all of our geologic objectives…," President and CEO Dr. Sean Guest said. “Moreover, our drilling program has successfully appraised several upside targets, which we expect will both contribute to reserves and resources when evaluated at year-end [2024], and may form the basis of future infill drilling to sustain volumes further into the future.”