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Valeura Energy completes drilling in the Nong Yao oil field, coast of the Gulf of Thailand, with net oil production and three-well program.
Valeura Energy recently completed a new phase of drilling at the Nong Yao oil field, located off the coast of the Gulf of Thailand, where the company has a stake drilling campaign
Nong Yao field assessment: delineation of reservoir intervals
The appraisal well was designed to delineate the extent of certain reservoir intervals in the field that are currently not producing. A drilling campaign It was a crucial step to explore and drill these intervals and the Valeura company was interested in evaluating the viability of production from these undeveloped areas.
Drilling campaign success: surprising results
According to Valeura, the results of the appraisal well exceeded expectations, with the well confirming approximately 50′ of new net oil production at various intervals. The discovery of these additional volumes opens up space for new development targets, forming the basis of a future infill drilling campaign. These surprising results demonstrate the profitable potential of exploring and drilling new reservoirs.
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Nong Yao Growth and Potential: Focus on Development and Drilling
Sean Guest, president and CEO of Valeura, expressed satisfaction with the continued success in the Nong Yao field. He highlighted the importance of exploration and infill drilling to add volumes and extend the life of production assets. The company's effort to develop new reservoir intervals and prepare additional development targets highlights the commitment to effective exploration and commercialization of the Nong Yao accumulation.
Drilling platform: expansion of exploration activity
The drilling rig has been mobilized to the Wassana field, where it is currently on site and being positioned to begin drilling a program of three production-oriented development wells. The platform is an essential part of exploration and drilling operations, and its planned return to Nong Yao highlights the ongoing commitment to the region's development and pursuit of new reservoir discoveries.
Future Planning: Focus on Drilling and Development
Valeura is aligned with its development goals, with the drilling rig planned to return to Nong Yao in the first quarter of 2024 to begin development of Nong Yao C. The company aims to continue its successful trajectory in exploration and drilling, ensuring the sustainable growth and maximizing the region’s production potential.
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