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.