Valeura Energy has completed its latest drilling campaign at the Nong Yao field in the Gulf of Thailand, adding new production wells, confirming further reservoir potential and introducing its first multi-lateral well in Thailand.
The programme took place on Block G11/48, where Valeura holds a 90% operated working interest. It included eight wells in total: one appraisal well and seven horizontal development wells drilled from the Nong Yao A and Nong Yao B platforms. All wells reached their planned targets, and all seven development wells have been brought onstream.
Output rose to about 10,500 barrels per day over the seven days ending 16 June 2026, compared with 8,870 barrels per day over the seven days ending 4 April 2026. The increase reflects both the new wells and a concurrent workover programme on the Nong Yao B and Nong Yao C platforms.
The campaign also showed how Valeura is trying to improve capital efficiency at Nong Yao. Its first multi-lateral development well, NYB-02ST1, used a junction in the wellbore to drill two separate horizontal production legs from one main well. The two laterals targeted different reservoir intervals and now produce from separate development targets while using a single well slot.
Valeura also drilled the NYA-42ST1H well from the Nong Yao A platform. This was designed to test a deeper reservoir target and came in as a successful producer. The result adds to the company’s understanding of the field and may support further development drilling in the same area.
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.
