Valeura Energy begins first oil production from Nong Yao C development in the Gulf of Thailand.
Valeura Energy Inc. announced first oil production from its Nong Yao C development, offshore Gulf of Thailand, in Licence G11/48 (90% operated working interest). The initial three wells have gone online, with more to follow. The company aims to achieve peak production rates of 11,000 bbls/d in coming weeks, sustaining 11,000 bbls/d for the rest of 2024. The drilling program came in below budget, achieving all geologic objectives and appraising several upside targets, expected to contribute to reserves and resources.
August 15, 2024
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