Valeura Power Inc has accomplished a 10-well infill drilling marketing campaign on the Nong Yao oilfield within the Gulf of Thailand, rising the corporate’s internet manufacturing earlier than royalties to 24,800 barrels per day (bpd) within the final seven days of the third quarter.
“The marketing campaign was primarily production-oriented and resulted within the firm’s working curiosity share oil manufacturing earlier than royalties from the Nong Yao area rising from roughly 7,996 bpd previous to the primary new wells approaching stream, to a current fee of 11,562 bpd, over the seven-day interval ending September 30, 2025”, Canada’s Valeura stated in an operations replace on its web site.
“The corporate anticipates that the reservoirs encountered might add to the final word manufacturing potential of the Nong Yao area and might thereby additional lengthen its financial life”.
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The marketing campaign concerned all three wellhead infrastructure services in Nong Yao, Valeura stated.
The Nong Yao B section of the marketing campaign “included a few of the most technically difficult wells ever drilled within the Gulf of Thailand basin, influenced by each geological complexity and likewise their prolonged attain from the wellhead platform, in a single occasion measuring a complete drilled size of over 9,800′”, Valeura famous.
Valeura operates Nong Yao with a 90 p.c stake by License G11/48, by which Palang Sophon Co Ltd owns the remaining 10 p.c.
Nong Yao held confirmed and possible gross pre-royalties reserves of 16.9 million as of yearend 2024, in line with Valuera. The sphere produces medium candy crude from Miocene-age reservoirs, in line with the corporate.
Elsewhere within the Gulf of Thailand, work is progressing on the Wassana oilfield redevelopment mission. Wassana’s newbuild wellhead manufacturing facility is on monitor to begin up within the second quarter of 2027, Valeura added.
“The Wassana redevelopment mission is meant to extend manufacturing, scale back unit prices and create a hub for eventual tie-in of potential extra satellite tv for pc wellhead platforms”, it stated.
Valeura owns 100% of the block containing Wassana, G10/48.
On July 25 Valeura additionally introduced an settlement with state-owned PTT Exploration and Manufacturing Public Co Ltd (PTTEP) to accumulate 40 p.c in blocks G1/65 and G3/65 within the Gulf of Thailand. PTTEP would stay as operator with a 60 p.c curiosity.
“With fuel accumulations already found on each the blocks, and inside shut proximity to infrastructure, we anticipate shifting quickly towards growth and fuel manufacturing”, Valeura president and chief govt Sean Visitor stated within the operations replace.
Valeura stated, “Manufacturing operations are persevering with safely on Valeura’s 4 Gulf of Thailand fields, with no misplaced time accidents”.
Manufacturing throughout its portfolio, which additionally contains Thai blocks B5/27 and G1/48, averaged 23,000 bpd within the July-September quarter.
Oil gross sales totaled 2.16 million barrels within the third quarter, up 8.7 p.c from the prior three months.
“As well as, the corporate had a complete of 0.88 million barrels of oil stock at September 30, 2025, prepared on the market”, Valeura reported.
“Worth realizations averaged $72.06/barrel throughout Q3 2025, a $2.52/barrel premium over the weighted common Brent crude oil benchmark.
“Valeura’s money place at September 30, 2025, was $248.3 million (with no debt), a rise from the earlier quarter finish.
“As well as, money from three liftings in September, amounting to $36.7 million internet to the corporate, is predicted to be acquired in mid-October”.
Valeura stated it plans to launch its full working and monetary outcomes for the third quarter on November 14.
To contact the writer, electronic mail jov.onsat@rigzone.com
