# Valeura Energy Nong Yao complex operating at its full capacity

- Link: https://www.directorstalkinterviews.com/valeura-energy-nong-yao-complex-operating-at-its-full-capacity/4121169509
- Published: 2024-08-27T08:19:41+01:00
- Author: Amilia Stone

**[Valeura Energy Inc](https://www.directorstalkinterviews.com/company/valeura-energy-inc/vle.to)**(
[TSX:VLE](https://www.directorstalkinterviews.com/company/valeura-energy-inc/vle.to),
OTCQX:VLERF) has announced the successful ramp-up of oil production at its Nong 
Yao C development, in Licence G11/48 , offshore Gulf of Thailand.

The greater Nong Yao complex is now operating at its full processing capacity, with
stable average production over the past seven days of 13.4 mbbls/d (12.1 mbbls/d
net to the Company’s 90% working interest share, before royalties).  This production,
when combined with the Wassana field being back online has resulted in stable aggregate
oil production over the past week of 26.2 mbbls/d (Company’s working interest share,
before royalties).

> **Dr. Sean Guest, Valeura Energy President and CEO commented:**
> _“I am very pleased to see the Nong Yao complex operating at its full capacity
> just two weeks after we announced first production from the Nong Yao C development.
> Commissioning of the new facility and the ramp up in production proceeded rapidly,
> and without incident.  Production has been stable for the past week from six of
> the development wells.  A seventh well is expected to be started within the coming
> weeks, to create spare production capacity._
> _With this organic growth project now coming to fruition, and stable operations
> across the rest of the portfolio, including the Wassana field, our total working
> interest share production has averaged 26.2 mbbls/d (before royalties) over the
> last seven days. _
> _Moreover, our work programme for the remainder of the year entails drilling infill
> development wells at both the Jasmine and Manora fields to offset declines, and
> to bolster our plan to maintain production at approximately 25 mbbls/d for at 
> least the next four months. _
> _As evidenced by our recent financial results for the period ending June 30, 2024,
> we are a strongly cash generative business, and are continually evaluating how
> to deploy our net cash to best add value for our many shareholders.”_

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