Valeura Energy has completed an eight-well drilling campaign at the Nong Yao oil field in the Gulf of Thailand, reinforcing the operational role of one of its key producing assets and adding a further technical milestone to its regional development strategy.
The campaign was carried out on Block G11/48, where Valeura holds a 90% operated working interest. The programme included one appraisal well and seven horizontal development wells drilled from the Nong Yao A and Nong Yao B platforms. All of the wells reached their target reservoirs, providing a useful operational signal at a time when well delivery, reservoir access and platform efficiency remain central to value creation in mature offshore basins.
Nong Yao production moved from an average of approximately 8,870 barrels per day over the seven-day period ending 4 April 2026 to around 10,500 barrels per day over the seven-day period ending 16 June 2026. The figures are stated on Valeura’s working interest basis before royalties and reflect the contribution of both the drilling campaign and a concurrent workover programme on the Nong Yao B and Nong Yao C platforms.
By combining new drilling with optimisation of existing well performance, Valeura is seeking to draw more value from established infrastructure while managing the timing and capital intensity of field development. In offshore assets, the ability to use existing platforms efficiently can influence development economics, especially where incremental barrels can be brought onstream without requiring major new facilities.
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.
