Valeura Energy has completed a methodical drilling campaign at the Nong Yao field offshore Thailand, with all ten wells now onstream. The programme spanned the A, B and C platforms, combining horizontal infill development and appraisal drilling to unlock new production and extend the reach of existing reservoirs.
The real takeaway is how the operation was delivered. Valeura brought the programme in on time, within budget, and without safety incidents.
With the Nong Yao wells now contributing, Valeura has quickly moved to the next phase of its plan. The contracted rig is already at the Jasmine field, where a new round of infill drilling is under way. That programme is expected to include a mix of development and appraisal wells, targeting near-term production while also extending reservoir understanding. In parallel, the company is preparing the groundwork for longer-term expansion, including new seismic acquisition across two exploration blocks. These blocks could support drilling as early as 2027.
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.
