Valeura Vitality Inc. has put onstream the Nong Yao C improvement in License G11/48, offshore Gulf of Thailand. The corporate holds a 90 % operated working curiosity within the license.
The corporate stated in a press release that the primary three of the seven Nong Yao C improvement wells have been opened up for oil manufacturing on August 15, 2024, with extra wells to be introduced on-line successively thereafter.
“I’m more than happy to see first manufacturing from Valeura’s first natural progress mission within the Gulf of Thailand. Now we have executed an environment friendly drilling program, which got here in beneath funds and has achieved all of our geologic aims, which we’ll now profit from as we shore up the Firm’s whole manufacturing output with this new manufacturing”, stated Sean Visitor, President and CEO of Valeura Vitality.
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The corporate plans to proceed growing manufacturing volumes to achieve peak manufacturing charges of round 11,000 barrels per day (bpd) within the subsequent few weeks. This is a rise from the latest charges of roughly 7,200 bpd within the first half of August. Valeura goals to keep up Nong Yao manufacturing charges at round 11,000 bpd for the remainder of 2024.
“Furthermore, our drilling program has efficiently appraised a number of upside targets, which we anticipate will each contribute to reserves and assets when evaluated at year-end and will kind the premise of future infill drilling to maintain volumes additional into the longer term”, Visitor stated.
The primary oil on the Nong Yao follows a latest restart of manufacturing operations on the Wassana discipline, offshore Gulf of Thailand. In June, the corporate suspended oil manufacturing on the Wassana discipline following an anomaly recognized on one of many metal jack-up legs of the sector’s cell offshore manufacturing unit. Manufacturing restarted following inspection, with the corporate anticipating to realize pre-suspension oil manufacturing charges of roughly 5,000 bpd throughout the week.
To contact the writer, electronic mail andreson.n.paul@gmail.com
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